Which of the following is an example of a normative statement?
A. Tom is a college student.
B. Immigration should be allowed in the United States.
C. The cost of basic health insurance rose from the previous year.
D. The federal minimum wage is $7.25.
B. Immigration should be allowed in the United States.
You might also like to view...
Refer to the figure below. In this game, how many dominant strategies does Player B have?
A. 0 B. 4 C. 2 D. 1
Secular deflation occurs when
A) both aggregate demand and aggregate supply are shifting left. B) there is no economic growth and aggregate demand falls. C) aggregate demand increases at the same time there is no economic growth. D) aggregate demand remains unchanged while economic growth increases long-run aggregate supply.
Your text mentions several ways that international trade flows are qualitatively different than they were a century ago. Which of the following is NOT one of those ways?
A) Manufactured goods are more important than the were in the past. B) Firms' investment spending on capital goods is more important than in the past. C) International trade in raw commodities and agricultural products is more important than it was in the past. D) It is possible to trade some types of services in a way that was not possible in the past. E) Multinational corporations play a bigger role in production than they did in the past.
Each member of the Board of Governors of the Fed serves:
a. a four-year term that begins at the same time as that of the newly elected president. b. a four-year term that does not coincide with the term of the current president c. until a new president is elected. d. a fourteen-year term. e. a six-year term.