MC13. Which of the following is an example of a normative economic statement?
A. The government should increase spending on education.
B. An increase in the minimum wage will reduce poverty.
C. An increase in interest rates will reduce inflation.
D. All of the above.
Answer:A
MC13. Which of the following is an example of a normative economic statement?
A. The government should increase spending on education. B. An increase in the minimum wage will reduce poverty. C. An increase in interest rates will reduce inflation. D. All of the above.