Which of the following is a nomative statement? O When the price of gasoline falls, profits for the major oil companies will also fal O An increase in the minimum wage is needed to help lower income families to improve their standard of Iiving O Higher tuition and fees will reduce enroliment at the University of Alabama. O An increase in Tuscaloosa's sales tax will drive consumers to shop more online at websites like Amazon.com that do not charge sales taxes

Which of the following is a nomative statement? O When the price of gasoline falls, profits for the major oil companies will also fal O An increase in the minimum wage is needed to help lower income families to improve their standard of Iiving O Higher tuition and fees will reduce enroliment at the University of Alabama. O An increase in Tuscaloosa's sales tax will drive consumers to shop more online at websites like Amazon.com that do not charge sales taxes

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 2CQQ

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