A politician states "taxes should be raised to provide more spending on school lunch programs." This is O A. a ceteris paribus assumption. B. a positive economic statement. C. a normative economic statement. D. an economic fact.

A politician states "taxes should be raised to provide more spending on school lunch programs." This is O A. a ceteris paribus assumption. B. a positive economic statement. C. a normative economic statement. D. an economic fact.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 6SCQ: Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a...

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Concept explainers

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.

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A politician states "taxes should be raised to provide more spending on school lunch programs." This is
O A. a ceteris paribus assumption.
B. a positive economic statement.
O C. a normative economic statement.
O D. an economic fact.

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