5. Which of the following is a normative statement? a. The unemployment rate is expected to rise....

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5. Which of the following is a normative statement?

a. The unemployment rate is expected to rise.

b. Individuals purchase more of a good when the price rises.

c. The government should increase the minimum wage.

d. An increase in the tax rate on wage earnings reduces the incentive to work.

e. Public education generates greater benefits than costs.

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Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

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