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Which of the following is a normative economic statement? a. If we doubled the size of welfare payments, we would reduce the number of homeless
Which of the following is a normative economic statement?
a. | If we doubled the size of welfare payments, we would reduce the number of homeless persons. | |
b. | Companies should be concerned with more than just their profits. | |
c. | An increase in spending on airport security will reduce the number of hijackings. | |
d. | If social security were to be privatized, workers would earn a higher rate of return on their retirement contributions. |
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