Which of the following is a normative statement?
A. College tuition rates are rising.
B. Twenty-eight percent of U.S. adults have a bachelor's degree.
C. The average income of a college graduate exceeds that of the average high school graduate.
D. State governments should pay for the first two years of college at public institutions.
D. State governments should pay for the first two years of college at public institutions.
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If a grocery store offers a five percent discount to senior citizens, this is an example of ________ and is ________.
A) price discrimination; only illegal if the practice substantially lessens competition or tends to create a monopoly B) conditional sales; always illegal per se C) conditional sales; only illegal if the practice substantially lessens competition or tends to create a monopoly D) price discrimination; always illegal per se
When the short run aggregate supply curve shifts right, it ___ the short-run Phillips curve
a. Moves the economy up along b. Moves the economy down along c. Shifts right d. Shifts left
Which of the following will increase interest rates in the short run?
a. an decrease in reserve requirements b. the sale of bonds by the Federal Reserve in the open market c. a decrease in real GDP d. an decrease in the price level
Liabilities consist of anything of value that is owned and assets are things that are owed to someone else
Indicate whether the statement is true or false