Question

normative statements are group of answer choices not usually made by economists. claims about how the world should be. claims about how variables in the economy normally behave. pessimistic interpretations of the economy.

Answer 1

Normative statements are groups of answer choices not usually made by economists; claims about how the world should be.

A normative statement can't be tested or verified and is predicated on a worth judgment. for instance, stating that the value of housing is 'too expensive' could be a normative one because it is predicated on a worth judgment and can't be tested to be 'true' or 'false.'

Moreover, resource-rich countries typically don't pursue property growth methods. They fail to acknowledge that they're becoming poorer if they do not reinvest their resource wealth into productive investments higher than the ground.

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