The Presidentʹs statement thatʺto encourage economic growth, taxes should be cut,ʺ

A) would be an example of a normative statement.

B) would be an example of a positive statement.

C) would be an example of a microeconomic statement.

D) would be a statement of mercantilist economic philosophy

Question

Cruella

Business

1 June, 11:16

The Presidentʹs statement thatʺto encourage economic growth, taxes should be cut,ʺ

A) would be an example of a normative statement.

B) would be an example of a positive statement.

C) would be an example of a microeconomic statement.

D) would be a statement of mercantilist economic philosophy

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Answers (1)

Know the Answer?

Derick Guerra · Answer 1

The correct answer is letter "A": would be an example of a normative statement.

Explanation:

Normative statements are opinion-driven affirmations. They express the speaker desire for doing something or for expecting something to happen. In Economics, normative statements are used to give an idea of what should be done in regards to economic development or investments. Thus, the statement:

ʺ ... to encourage economic growth, taxes should be cut ... ʺ;

is an example of a normative statement.

The Presidentʹs statement thatʺto encourage economic growth, taxes should be cut,ʺA) would be an example of a normative statement.B) would be an example of a positive statement.C) would be an example of a microeconomic statement.D) would be a statement of mercantilist economic philosophy

The Presidentʹs statement thatʺto encourage economic growth, taxes should be cut,ʺ

A) would be an example of a normative statement.

B) would be an example of a positive statement.

C) would be an example of a microeconomic statement.

D) would be a statement of mercantilist economic philosophy