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."
Answer: D
Economics
You might also like to view...
List the various categories in which a bank's assets are divided?
What will be an ideal response?
Economics
What is an isoquant?
What will be an ideal response?
Economics
With a pure gold standard
A. a balance of payments deficit or surplus does not occur. B. there will be a tendency for reducing world trade. C. a nation may not pursue an independent monetary policy. D. an inflow of gold will reduce the money supply of a country.
Economics
Explain how changes in relative real interest rates affect the value of a nation’s currency.
What will be an ideal response?
Economics