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Author Question: A normative economic statement is: a. a statement of fact. b. a statement of opinion which ... (Read 75 times)

abarnes

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on: Jun 30, 2018
A normative economic statement is:
 a. a statement of fact.
  b. a statement of opinion which advocates a particular position.
  c. not acceptable in the economics profession.
  d. the only acceptable manner to present economic information.
  e. a statement based upon government-supplied information.

Question 2

A normative economic statement:
 a. is a model used to collect data.
  b. is a statement of fact.
  c. is a statement of what ought to be, not what is.
  d. indicates what will occur if certain assumptions are true.


ilianabrrr

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


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