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. State governments should pay for the first two years of college at public institutions.
D. The average income of a college graduate exceeds that of the average high school graduate.
Answer: C
You might also like to view...
The popularity of digital cameras has enticed large discount stores like Wal-Mart and Costco to offer digital photo printing services. How does this affect the digital photo printing market?
A) The demand curve for digital photo printing services shifts to the left. B) The supply curve for digital photo printing services shifts to the right. C) The supply curve for digital photo printing services shifts to the left. D) The demand curve for digital photo printing services shifts to the right.
When deciding where to locate, businesses _____
a. will always locate in the lowest tax area b. pay no attention to property taxes c. might move to a high property tax area if local amenities are good d. will always locate closest to their customer base
If health care spending is already on the flat-of-the-curve, it may not be possible to buy improved health status by increasing spending. In this situation, the best way to improve health status may be to
a. increase the availability of government health insurance. b. invest in biotechnology to determine the genetic factors that improve health. c. improve life-style decisions by reducing smoking, alcohol consumption, and drug use. d. improve access to medical care. e. improve overall educational attainment so people can better follow the advice from the medical community.
A large aircraft manufacturer, like Boeing, may have a cost advantage over a new smaller manufacturer because
a. of diseconomies of scale. b. of economies of scale. c. of diminishing returns to a fixed factor of production. d. the principal agent problem is generally less severe for larger firms.