To say that one policy is better than another because it is more efficient is a normative, not a positive, statement.
Answer the following statement true (T) or false (F)
True
Rationale: It is a positive statement to say that one policy is more efficient than another --- but judging the policy as "better" involves value judgments that make the statement a normative one.
You might also like to view...
Which of the following can cause official unemployment figures to underestimate the true unemployment rate?
A) Some people get discouraged and quit looking for a job. B) Some people engage in illegal activities. C) Some people work "off the books." D) Some people work overtime.
Wanda owns a lemonade stand. She produces lemonade using five inputs: water, sugar, lemons, paper cups, and labor. Her costs per glass are as follows: $0.01 for water, $0.02 for sugar, $0.03 for lemons, $0.02 for cups, and $0.10 for the opportunity cost of her labor. She can sell 300 glasses for $0.50 each. What are Wanda's total economic profits?
a. $150 b. $126 c. $96 d. $54
An excess demand for domestic currency at current exchange rates is known as a
A. Balance-of-payments deficit. B. Trade surplus. C. Trade deficit. D. Balance-of-payments surplus.
Which of the following would most likely be a private good?
A) a Mariah Carey CD B) Sirius Satellite Radio is accessed through a subscription. C) Michigan Radio is the state's most listened-to public radio service. D) iTunes sells songs through their website.