13. Which of the following is a normative statement? a) Neil Armstrong was the first man ever to walk on the moon b) The Space Shuttle Columbia exploded in 2003 when it was re-entering the Earth's atmosphere c) NASA should send a shuttle to Mars to do more research on the planet. d) The International Space Station is a joint collaboration between many countries, including the United States of America, Japan and Canada.

13. Which of the following is a normative statement? a) Neil Armstrong was the first man ever to walk on the moon b) The Space Shuttle Columbia exploded in 2003 when it was re-entering the Earth's atmosphere c) NASA should send a shuttle to Mars to do more research on the planet. d) The International Space Station is a joint collaboration between many countries, including the United States of America, Japan and Canada.

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 6CQQ

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13. Which of the following is a normative statement? a) Neil Armstrong was the first man ever to walk on the moon b) The Space Shuttle Columbia exploded in 2003 when it was re-entering the Earth's atmosphere c) NASA should send a shuttle to Mars to do more research on the planet. d) The International Space Station is a joint collaboration between many countries, including the United States of America, Japan and Canada.
1. Which of the following statements is a normative as opposed to a positive economic statement? A)If the price of cars goes up, people buy fewer cars. B)When a government prints too much money, inflation tends to rise. C)Labor unions should be allowed to organize in every country. D)Consumer spending helps to create jobs. 2. The production possibilities curve shifts outward when A)there is an increase in resources or technology .B)we produce more consumption goods over productive investment in equipment. C)the economy is producing efficiently. D)the law of increasing additional cost takes hold.
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