Which of the following is NOT a normative economic statement?
A) States should reduce the tax on heating fuel oil during the winter.
B) The price of gasoline is too high.
C) People over the age of 75 should not be allowed to drive cars.
D) Teenagers are responsible for most driving fatalities.
E) We don't spend enough money on anti-smoking campaigns.
Question 2
It is expected that the price of a bushel of wheat will increase in one month. This belief will result in
A) a decrease in the future supply of wheat.
B) an increase in the current supply of wheat.
C) a decrease in the current supply of wheat.
D) no change in the current or future supply of wheat.
E) an increase in the current quantity supplied of wheat.
How to reduce simple ratios
GDP per Capita in the United States, 1870–2009 (Ratio Scale)
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