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11 Dec 2019
Which of the following is an example of a normative economic statement?
A) A cut in the tax rate will lead to an increase in consumption.
B) An increase in subsidies to farmers will boost agricultural production.
C) A relaxation in import duties will encourage imports.
D) An increase in social security benefits will increase the welfare of all economic agents.
Which of the following is an example of a normative economic statement?
A) A cut in the tax rate will lead to an increase in consumption.
B) An increase in subsidies to farmers will boost agricultural production.
C) A relaxation in import duties will encourage imports.
D) An increase in social security benefits will increase the welfare of all economic agents.
Sonal BahlLv10
28 Jan 2021
