Question : 51) A statement that argues that “if taxes gasoline increase, : 1225981

 

 

51) A statement that argues that “if taxes on gasoline increase, gasoline consumption will decrease” is an example of what kind of statement?

A) a marginal statement

B) a macroeconomic statement

C) a normative statement

D) a positive statement

E) a statement that violates rational choice

52) Which of the following statements is a positive statement?

A) Our country must increase military spending.

B) There should be a computer in every elementary school classroom.

C) We need to spend less on luxury items for the wealthy, and more on necessities for the less fortunate.

D) Online shopping increased by 50 percent this Christmas season.

E) Too many people are unemployed.

 

53) Increasing income tax rates will solve the “social security time bomb issue” is an example of

A) business economic policy.

B) a positive economic statement.

C) marginal cost exceeding marginal benefit.

D) answering the “how” question.

E) globalization.

 

54) Which of the following is a positive statement?

A) The rich should pay more in taxes.

B) Everyone should have some knowledge of economics.

C) Taxes on gasoline should be lower so that gasoline is more affordable to the poor.

D) If we reduce welfare payments given to the poor, they will find jobs.

E) Social Security must be reformed.

55) Normative statements

i.describe how the world is.

ii.describe how the world ought to be.

iii.depend on people’s values and cannot be tested.

A) i only

B) ii only

C) iii only

D) ii and iii

E) i and iii

 

56) A normative statement

A) depends on someone’s values.

B) cannot use the word “should.”

C) says what is currently believed about the way the world operates.

D) must be tested to determine if it is correct.

E) can be tested to determine if it is correct.

 

57) The important characteristic of normative statements is that they

A) explain what really exists.

B) are based on somebody’s values and cannot be tested.

C) explain what normally happens in the real world.

D) help guide us to what will normally occur if some economic variable changes its value.

E) do not use the ceteris paribus assumption.

58) A normative statement

i.can be tested as to whether it is true or false.

ii.is considered negative.

iii.depends on a person’s values.

A) i only

B) iii only

C) i and iii

D) ii and iii

E) i, ii, and iii

 

59) Which of the following is a normative statement?

A) Flood victims should pay for their own rebuilding.

B) When the price of kiwi fruit increases, fewer people eat kiwi fruit.

C) An increase in the supply of computers has caused computer prices to fall.

D) Recessions lead to increases in the unemployment rate.

E) Hurricanes strike mainly Florida and North Carolina.

 

60) A statement that “All children should receive free health care” is an example of what kind of statement?

A) a fair statement

B) a natural experiment statement

C) a normative statement

D) a positive statement

E) a statement on the margin

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more