a. 7. Which of the following is a normative statement? Which of the following is a normative question A To reduce the regressive from ECONOMICS 101 at Lebanese American University Refer to the diagram. Which of the following statements is a positive statement? 2 hours 19 min. Reducing tax rates on the wealthy would be good for the country. b. Which one of the following is an example of a normative statement? A. c. Twenty-two states use a lottery to raise state taxes. Lower taxes would result in lower revenues c. A 2% increase in foreign investment is associated with a 0.5% rise in economic growth d. Lower taxes would result in a 12% increase in spending c. Congress must recognize that the growing national debt is the most serious problem that the country faces. Which of the following is a normative statement. PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION. Choose one answer. Law X is a good piece of legislation. Solution for Which one of the following is a Normative statement? These statements provide a value judgement of whether a situation is desirable or not. The unemployment rate is 7.3%. Wise Approach to. Your email address will not be published. B) Flood victims should pay for their own rebuilding. Which of the following is a normative economic statement? b. 18. A. C. If the national saving rate were to increase, so would the rate of economic growth. Which of the following is a normative statement? d) test it b. b) can be tested. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. Which of the following is a normative economic statement. The proportion of people's income paid in taxes is higher under this government than under the previous one. Rising global demand for coal has led to increases in the price of coal. Which of the following is a positive, rather than a normative statement? It is a value judgment. Sie können Ihre Einstellungen jederzeit ändern. Which of the following is an example of a normative, as opposed to a positive, statement? Normative Statement: A normative statement is concerned with the value judgments about a situation and looking if it is desirable or undesirable on the basis of that. ... A relationship between two variables in which one variable increases at the same time that the other increases is called. Refer to the above diagram. a. Yahoo ist Teil von Verizon Media. The richest 10 per cent of the population has had a bigger percentage increase in incomes over the past 10 years than the poorest 10 percent B. iii. "The United States should raise taxes on wealthy Americans to reduce the budget deficit" is a normative statement. Business. Which of the following is an example of normative analysis?-The Dow Jones Industrial Average went up yesterday.-The multimillion dollar B-1 bombers are a waste of tax money.-The price of carrots is 49 cents per pound.-An expensive college education does not always ensure a good job. C) An increase in the supply of computers has caused computer prices to fall. These statements describe the world as it should be. A) When interest rates rise, the quantity of loanable funds demanded for new mortgages will decline. (adsbygoogle = window.adsbygoogle || []).push({}); PakMcqs.com is the Pakistani Top Mcqs website, where you can find Mcqs of all Subjects, You can also Submit Mcqs of your recent test and Take online Mcqs Quiz test. The federal government should decrease coverage of unemployment benefits to stimulate the economy out of the recession. It uses the ceteris paribus assumption. d. An increase in minimum wages will increase unemployment. Which of the following statements is normative ? Answer: TRUE Diff: 1 Page Ref: 14/14 Topic: Normative and Positive Analysis *: Recurring The government provides some benefits to the poor. Taxpayers in North Carolina pay state taxes which are above the national average. A. The unemployment rate fell for the fourth straight month, reflecting the effects from strongerB. Most digital cameras sold in the US are imported from other countries. a) California's new minimum wage is $10 per hour is too high b)when the price of gasoline rises, transportation cost rise c) the current high price of gasoline is the result of strong worldwide demand d) when the price of gasoline rises, the quantity of gasoline purchased falls e) none of the above d. The richest 10 per cent of the population has had a bigger percentage increase in incomes over the past 10 years than the poorest 10 per cent. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. a) can be checked. c. The Federal budget surplus rose by 10 billion dollars b. a. c. Inflation is rising. If society is initially at point c it must sacrifice 6 units of bread to obtain one more unit of tractors c. Refer to the diagram. Writer's choice. B)Structural unemployment has increased. This statement is an example of a positive economic statement. Which one of the following is a normative economic statement? Which of the following is a normative statement. People work harder if the wage is higher C. The unemployment rate should be lower D. Printing too much money causes inflation. a. b. Which of the following is a normative statement? (Event B) a. The distribution of income in the U.S. should be equal. A) When the price of kiwi fruit increases, fewer people eat kiwi fruit. Marks: 2 Which of the following is a normative economic statement? Economics Mcqs for Lecturer & Subject Specialist Exams. Law X will reduce national income. c. Congress ought to … C. The proportion of people’s income paid in taxes is higher under this government than under the previous one. a. Last Completed Projects # topic title discipline academic level pages delivered; 6. If the price of a product decreases, quantity demanded increases. Normative sentences are based on the opinion or the viewpoint of some individual. A digital camera costs more than a disposable camera. Which of the following is a normative statement? Law X is a good piece of legislation. 1 hour 32 min. C) Unemployment increases during a recession. Your email address will not be published. a) If the price of milk decreases, producers' willingness to sell milk decreases. Consumer prices are rising at a faster rate than in past months, indicating a renewal ofC. Congress should agree on lower government spending for the next fiscal year. © Copyright 2016-2020 - www.PakMcqs.com/. A) Consumers will buy more gasoline over the Christmas holiday even if the price of gas is 10 cents higher than it was during the Thanksgiving holiday. Unemployment benefits usually expire after 26 weeks. a. c. Income should be redistributed from the top 2% of wage earners to the lower income brackets. Inflation is rising A) i and iii B) ii and iii C) i only D) ii only E) i, ii, and iii. Y: The federal minimum wage is increasing to $8.50 an hour. B. direct. It accounts for opportunity costs. Balance of Payments, Aid and Foreign Investment, Characteristics and Institutions of Developing Countries, Exchange-Rate Systems And Currency Crises. A normative statement is one that involves a value judgment. A)An output gap can be either expansionary or contractionary. b. B. Which one of the following is a normative statement ? You should wear a helmet when cycling. An increase in taxes will cause higher unemployment. normative statement is one that can not be disproven. Taxes should be higher b. Philosophy. 1-Which of the following is a normative statement? Large government deficits cause an economy to grow more slowly B. teenage unemployment is too high. 23. IF YOU THINK THAT ABOVE POSTED MCQ IS WRONG. D) Recessions lead to … Which of the following is a normative statement? a. 2-Consider two events: Every morning, you get up. To help balance the Federal budget, Congress increased the tax on gasoline to its highest levelD. The state of Texas is considering increasing funds for light-rail development to promote the use of public transportation. Required fields are marked *. a. Inequality in the distribution of income is a more serious problem than unemployment. Normative Analysis 10) "An increase in the price of gasoline will increase the demand for hybrid vehicles." The post Which of the following is a normative statement? An increase in tariffs will increase the domestic prices paid by consumers. here you will find the the Baisc to Advance and most Important Economics Mcqs for your test preparation. C)If the price of gasoline increases, people will probably buy less. The sky is blue. b. Which of the following is a normative statement? appeared first on Essay Hand. 8. b) Reapid rates of economic growth can lead to environmental damage c) During a recession, unemployment rates Rise d) The government should keep inflation from rising. a) a higher price of oil means that people will buy less. 2. b. 2. Question 1 Which of the following is a normative statement? Inflation is rising C. Economics Mcqs for test Preparation from Basic to Advance. Which of the following is true regarding a normative statement? Question: Which of the following is a normative statement? ii. Which of the following is a normative statement? a. i. Dies geschieht in Ihren Datenschutzeinstellungen. (1) Which of the following is a normative statement? A fall in the unemployment rate is expected next month c. A trade deficit of 20 billion dollars will harm the economy d. The Federal funds rate was reduced by half a percentage point (Event A) Every morning, the sun rises. The deduction for state taxes cost the federal government $100 billion per year. c. A bicycle has two wheels. Which of the following is a normative economic statement? c) bingo, no way of saying this is wrong by proving it wrong. Reducing unemployment is more important than reducing inflation. University. O a. Popcom and chocolates are sold in movie theatres O b. aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. 124. D)The taxes on cigarette and alcohol should be increased. D. Inequality in the distribution of income is a more serious problem than unemployment. asked Jul 5, 2016 in Economics by Taken. Mcq Added by: Adden wafa. no matter what I can always say this statement and you can't prove it isn't true. 36) Which of the following is a normative statement? The U.S. rate of unemployment was lower in 2004 than it was in 1994. b. Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. A. Law X will reduce national income. Which of the following is a positive, rather than a normative, statement? Which of the following is a normative statement? B) The current butter surplus is the result of federal policies. Which of the following is an example of a normative statement? A. b. Savings accounts earn interest, whereas checking accounts do not. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' D) When governments increase income tax rates, people work less. X: The minimum wage should be high enough that families will not live in poverty. The richest 10 per cent of the population has had a bigger percentage increase in incomes over the past 10 years than the poorest 10 percent B) To achieve efficiency, governments should prevent monopoly in markets. Which one of the following is a normative economic statement? Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. O The unemployment rate fell for the fourth straight month, reflecting the effects from stronger economic growth in the second quarter O The worsening balance of trade must be corrected if this nation is to remain in the world economy competitive O consumer prices are rising at a faster rate than in past months. College. Which of the following is an example of a positive, as opposed to normative, statement? a. Which is a normative statement? Chocolates are more expensive than… Which one of the following is a normative statement ?