ssignmi Which of the following is a normative statement 0 A

ssignmi Which of the following is a normative statement? 0 A. If the price of a good decreases, its quantity demanded must increase. B. Most economists make normative statements. ° C. Economists should clarify their normative views when making positive statements. 0 D. Economists often make normative statements. 0 E. As the price of gasoline falls, consumers will buy more of it. ono ts work

Solution

1) Economists should clarify their normative statement before making a positive statement seems like an opinion while all the rest are considered as proved facts.

Therefore option (C) is the answer.

2) SInce the statement is actually an opinion based one. It is the example of a normative statement

Therefore option (B) normative, since it references the opinions of the economists is the answer.

3) This statement is also an opinion by an economist. Therefore it is a normative statement

Therefore option (E) normative is the answer.