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 Your email address will not be published.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