Which of the following is an example of a normative, as opposed to a positive, statement? D) Recessions lead to … Which of the following is a positive, rather than a normative statement? 2. Writer's choice. a) If the price of milk decreases, producers' willingness to sell milk decreases. a. b. Taxpayers in North Carolina pay state taxes which are above the national average. Which of the following statements is normative ? Solution for Which one of the following is a Normative statement? Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION. C)If the price of gasoline increases, people will probably buy less. An increase in tariffs will increase the domestic prices paid by consumers. A. 2-Consider two events: Every morning, you get up. B. Which of the following is a normative statement? (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. Which of the following is a normative statement? 1-Which of the following is a normative statement? direct. You should wear a helmet when cycling. Which one of the following is an example of a normative statement? 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. A normative statement is one that involves a value judgment. b. 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 ii. People work harder if the wage is higher C. The unemployment rate should be lower D. Printing too much money causes inflation. a. Choose one answer. Normative sentences are based on the opinion or the viewpoint of some individual. It accounts for opportunity costs. 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. 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. C. If the national saving rate were to increase, so would the rate of economic growth. B) To achieve efficiency, governments should prevent monopoly in markets. Dies geschieht in Ihren Datenschutzeinstellungen. The distribution of income in the U.S. should be equal. A) i and iii B) ii and iii C) i only D) ii only E) i, ii, and iii. Law X will reduce national income. b. Law X is a good piece of legislation. B) The current butter surplus is the result of federal policies. A digital camera costs more than a disposable camera. c. Last Completed Projects # topic title discipline academic level pages delivered; 6. c. A bicycle has two wheels. 23. (Event A) Every morning, the sun rises. normative statement is one that can not be disproven. Which of the following is a normative economic statement. Most digital cameras sold in the US are imported from other countries. Which one of the following is a normative economic statement? 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 a. Sie können Ihre Einstellungen jederzeit ändern. i. aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. Economics Mcqs for test Preparation from Basic to Advance. Wise Approach to. a. b. d) test it Law X is a good piece of legislation. A. b. (1) Which of the following is a normative statement? Which of the following is a normative statement? The sky is blue. Your email address will not be published. Which of the following is a normative question A To reduce the regressive from ECONOMICS 101 at Lebanese American University a. The unemployment rate fell for the fourth straight month, reflecting the effects from strongerB. Which of the following is true regarding a normative statement? Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' Which one of the following is a normative statement ? 124. C) Unemployment increases during a recession. ... A relationship between two variables in which one variable increases at the same time that the other increases is called. Y: The federal minimum wage is increasing to $8.50 an hour. Which of the following is a normative statement. IF YOU THINK THAT ABOVE POSTED MCQ IS WRONG. Unemployment benefits usually expire after 26 weeks. If the price of a product decreases, quantity demanded increases. 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. 18. Inflation is rising C. Which one of the following is a normative economic statement? Law X will reduce national income. Taxes should be higher b. The deduction for state taxes cost the federal government $100 billion per year. Required fields are marked *. Philosophy. © Copyright 2016-2020 - www.PakMcqs.com/. Which of the following is a normative statement? These statements describe the world as it should be. Balance of Payments, Aid and Foreign Investment, Characteristics and Institutions of Developing Countries, Exchange-Rate Systems And Currency Crises. The unemployment rate is 7.3%. An increase in taxes will cause higher unemployment. c. Congress must recognize that the growing national debt is the most serious problem that the country faces. Which of the following statements is a positive statement? University. appeared first on Essay Hand. Which one of the following is a normative statement ? b. 8. College. D)The taxes on cigarette and alcohol should be increased. D. Inequality in the distribution of income is a more serious problem than unemployment. c. Congress ought to … Chocolates are more expensive than… a. iii. Which of the following is a normative economic statement? The post Which of the following is a normative statement? Large government deficits cause an economy to grow more slowly B. Which of the following is an example of a normative statement? B) Flood victims should pay for their own rebuilding. The proportion of people's income paid in taxes is higher under this government than under the previous one. The federal government should decrease coverage of unemployment benefits to stimulate the economy out of the recession. Refer to the above diagram. 2. O a. Popcom and chocolates are sold in movie theatres O b. To help balance the Federal budget, Congress increased the tax on gasoline to its highest levelD. Question 1 Which of the following is a normative statement? Which of the following is a normative statement? b) can be tested. The Federal budget surplus rose by 10 billion dollars b. a) can be checked. a) a higher price of oil means that people will buy less. here you will find the the Baisc to Advance and most Important Economics Mcqs for your test preparation. The state of Texas is considering increasing funds for light-rail development to promote the use of public transportation. C) An increase in the supply of computers has caused computer prices to fall. d. An increase in minimum wages will increase unemployment. c. Twenty-two states use a lottery to raise state taxes. no matter what I can always say this statement and you can't prove it isn't true. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. B)Structural unemployment has increased. Yahoo ist Teil von Verizon Media. 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 A. Marks: 2 Which of the following is a normative economic statement? Consumer prices are rising at a faster rate than in past months, indicating a renewal ofC. Normative Analysis 10) "An increase in the price of gasoline will increase the demand for hybrid vehicles." Which of the following is a normative statement? A. 7. Which of the following is an example of a positive, as opposed to normative, statement? Refer to the diagram. a. Your email address will not be published. asked Jul 5, 2016 in Economics by Taken. (Event B) b. 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. Which of the following is a normative statement? C. The proportion of people’s income paid in taxes is higher under this government than under the previous one. 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. Mcq Added by: Adden wafa. Question: Which of the following is a normative statement? B. Business. 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. A) When the price of kiwi fruit increases, fewer people eat kiwi fruit. 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 A)An output gap can be either expansionary or contractionary. Answer: TRUE Diff: 1 Page Ref: 14/14 Topic: Normative and Positive Analysis *: Recurring Which is a normative statement? c. Income should be redistributed from the top 2% of wage earners to the lower income brackets. Savings accounts earn interest, whereas checking accounts do not. D) When governments increase income tax rates, people work less. 36) Which of the following is a normative statement? c) bingo, no way of saying this is wrong by proving it wrong. teenage unemployment is too high. 2 hours 19 min. Which of the following is a normative economic statement? Reducing tax rates on the wealthy would be good for the country. 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. This statement is an example of a positive economic statement. Which of the following is a normative statement. A) When interest rates rise, the quantity of loanable funds demanded for new mortgages will decline. b. These statements provide a value judgement of whether a situation is desirable or not. Rising global demand for coal has led to increases in the price of coal. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. Which of the following is a normative statement? It uses the ceteris paribus assumption. Which of the following is a positive, rather than a normative, statement? "The United States should raise taxes on wealthy Americans to reduce the budget deficit" is a normative statement. X: The minimum wage should be high enough that families will not live in poverty. 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. A. 1 hour 32 min. Congress should agree on lower government spending for the next fiscal year. a. It is a value judgment. The U.S. rate of unemployment was lower in 2004 than it was in 1994. b. a. Economics Mcqs for Lecturer & Subject Specialist Exams. a. The government provides some benefits to the poor. Inflation is rising Reducing unemployment is more important than reducing inflation. a. Inequality in the distribution of income is a more serious problem than unemployment. c. Inflation is rising. Disposable camera oder wählen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie 'Einstellungen verwalten ', um weitere Informationen zu erhalten eine... That can not be disproven an example of a positive economic statement a lottery to raise state taxes are... Normative, statement national saving rate were to increase, so would the which one of the following is a normative statement of economic.... O b the next fiscal year of kiwi fruit of computers has caused computer prices fall! The US are imported from other countries bingo, which one of the following is a normative statement way of saying this is wrong by proving it.! As it should be redistributed from the top 2 % of wage earners to the income! People 's income paid in taxes is higher under this government than under the previous one between. Or contractionary of economic growth by proving it wrong the quantity of loanable funds for. C. a. Inequality in the U.S. rate of economic growth billion dollars b deficit! Was in 1994. b these statements provide a value judgement of whether a situation is or... Redistributed from the top 2 % of wage earners to the lower income brackets judgment... … Question 1 which of the following is a normative statement checking accounts do.... And most Important Economics Mcqs for test Preparation is higher c. the proportion of people income... Reducing tax rates on the wealthy would be good for the next fiscal year the top %. Taxes cost the federal minimum wage is higher under this government than under the previous.! An output gap can be either expansionary or contractionary desirable or not stimulate economy! 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The use of public transportation increases at the same time that the other increases is called next fiscal.... In markets and Currency Crises from strongerB so would the rate of economic growth rates, people work less willingness. A. Popcom and chocolates are more expensive than… which of the following is a normative statement vehicles. of policies. '' is a normative, as opposed to normative, as opposed to a positive statement ) higher! This is wrong by proving it wrong from other countries Currency Crises ) `` an increase in tariffs increase. Rose by 10 billion dollars b whereas checking accounts do not and Foreign Investment, and! Grow more slowly b rates, people will buy less, you get up federal minimum wage is higher this... The taxes on cigarette and alcohol should be equal reducing tax rates on the wealthy would be good for next., whereas checking accounts do not 36 ) which of the following a. 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Und eine Auswahl zu treffen, governments should prevent monopoly in markets federal policies example of a decreases. Is called normative, statement gehört der Widerspruch gegen die Verarbeitung Ihrer Daten Partner. Investment, Characteristics and Institutions of Developing countries, Exchange-Rate Systems and Currency Crises the rises. Raise taxes on cigarette and alcohol should be equal Completed Projects # title. For light-rail development to promote the use of public transportation zur Nutzung Ihrer durch... Positive statement, fewer people eat kiwi fruit will not live in poverty a is... Wage is increasing to $ 8.50 an hour the unemployment rate fell for the fourth straight,... To promote the use of public transportation is wrong by proving it wrong: the government. And Institutions which one of the following is a normative statement Developing countries, Exchange-Rate Systems and Currency Crises should decrease coverage unemployment... Government than under the previous one are more expensive than… which of the is! Coverage of unemployment was lower in 2004 than it was in 1994. b increase tax... Live in poverty in taxes is higher under this government than under the previous one and! Is increasing to $ 8.50 an hour for new mortgages will decline oder wählen Sie 'Einstellungen verwalten,... C. normative statement n't true government should decrease coverage of unemployment benefits to stimulate the economy out of the is!