Which of the following is a normative statement in economics ?

Introduction To Economics 30/08/2021

A. More spending by the government reduces poverty
B. Higher taxes lead to less desire to work
C. The Pakistan’s economy is growing fast relative to other SAARC members
D. The government should concentrate on reducing unemployment

Related Mcqs:

    The total demand for goods and services in an economy is known as_____________?
    A. gross national product. B. national demand. C. economy-wide demand D. aggregate demand...
    Workers in Western Europe enjoy a high standard of living because ?
    A. the countries of Western Europe have set high minimum wage rates. B. Unions in Western Europe keep the wage high C. none of these answers. D. The countries of Western Europe have protected their industries from foreign corporation E. Workers in the united states are highly productive...
    A demand curve can shift because changing ?
    A. incomes B. prices of related goods C. tastes D. all of the above...
    A student chooses to study because the marginal benefit is greater than the ______________ cost?
    A. average B. expected C. total D. marginal...
    High and persistent inflation is caused by ?
    A. unions increasing wages too much B. OPEC raising the price of oil too much C. governments increasing the quantity of money too much D. regulations raising the cost of production too much...

Leave a Reply

Your email address will not be published. Required fields are marked *