1st attempt
Which of the following is a normative statement?
Choose one:A. We should strive to push the
production possibilities frontier (PPF) outward.B. The sky is green
with pink polka dots.C. The sky is blue.
Answer: A. We should strive to push the production possibilities frontier (PPF) outward.
We should strive to push the production possibilities frontier (PPF) outward. - A normative statement.
A normative statement is based on opinion, and not based on fact. It is a value judgement statement that says whet should be.When the experts say 'We should strive to push the production possibilities frontier (PPF) outward', it is an opinion, and there is reason, why we should strive to push the PPF outward.
The positive statement is based on fact.It can be verified because it has evidence.So statements 'B', and 'C' are positive statements.
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1st attempt Which of the following is a normative statement? Choose one:A. We should strive to...
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UCULION+pun 1st attempt When pollution (a negative externality) is created by firms, which of the following is NOT a valid way for the government to restore the social optimum? Choose one: A require firms to change production techniques to reduce emissions B. require firms to pay for the environmental damage they create C. require firms to install pollution-abatement equipment D. offer a subsidy to firms to reduce their production costs E. levy a tax on the production of the good
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