The term or phrase most likely to indicate a normative statement is
A) "ceteris paribus."
B) "factual." or "what is" statement.
C) "holding other things constant."
D) "should" or "ought to."
D
You might also like to view...
Which of the following is an example of a price ceiling?
A. Subsidies for apartment rent in major cities. B. Price supports for agricultural products. C. Minimum-wage laws for unskilled workers. D. Limits on interest rates charged by credit card companies.
Which of the following policies is designed specifically to directly promote technological change in an economy?
A) laws to strengthen property rights B) government subsidization of research and development C) tax incentives to promote investment in 401K plans D) a vaccination program to combat infectious diseases
An organization of producers that limits the amount of a good produced is known as a
A) free market organization. B) guild. C) collective. D) co-op.
What is a mixed economy?
A. An economy in which production and distribution is done by both a private sector and a public sector. B. An economy that has a mixture of resources. C. An economy run by representatives of different political parties. D. An economy that produces a blend of various products rather than concentrating on a single product.