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Which of the following is an examplWhich of the following is an example of a normative statement? Question 13 options: If the price of a
Which of the following is an examplWhich of the following is an example of a normative statement? Question 13 options: If the price of a product decreases, quantity demanded increases. High marginal tax rates on the wealthy should be reduced for the benefit of the society as a whole. If the national saving rate were to increase, so would the rate of economic growth. All of the above are normative statements.e of a normative statement? Question 13 options: If the price of a product decreases, quantity demanded increases. High marginal tax rates on the wealthy should be reduced for the benefit of the society as a whole. If the national saving rate were to increase, so would the rate of economic growth. All of the above are normative statements
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