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Which of the following statement is an example of normative economic analysis? If the price of apple increases, people will buy more bananas. If the
Which of the following statement is an example of normative economic analysis?
- If the price of apple increases, people will buy more bananas.
- If the government reduces the tobacco tax, more individuals will start smoking.
- The Biden government should lower taxes because tax rates are too high for the average U.S. family.
- An increase in the minimum wage to fifteen dollars proposed by President Biden will lead to a higher teenage unemployment rate.
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