--%>
Assignment Help - homework help

Illustrate normative statement

In economics illustrate normative statement?

E

Expert

Verified

The term normative statement in economics is just like a normative statement in any other academic subject. We can say it is a statement about something with an implicit value judgment or moral claim.

It is differ from a descriptive statement i.e. supposed to be ideologically or value neutral.

   Related Questions in Microeconomics

  • Q : Maximizing consumer and adjusts consumer

    Can someone help me in finding out the right answer from the given options. Zeus got one million dollars for winning every event in current Olympics. In past, he would have frivolously exhausted his winnings on the lightning bolts, however after studying economics, he

    		•
  • Q : Federal government antitrust suit Movie

    Movie producers A, B, and C secretly meet and agree to release their summer blockbuster films in sequence, rather than at the same time. The U.S. Justice Department learns of the agreement and files an antitrust suit. The Federal government would most likely file ch

    		•
  • Q : Determinants of Demand-Change in price

    Can someone help me in finding out the right answer from the given options. Demand curve for the DVD players would not be shifted by the change in price of: (1) Downloaded music. (2) CD players. (3) Compact disks. (4) DVD players.

    		•
  • Q : Demand curves relatively more elastic

    Scrutiny of demand curves DD and D0D0 reveals such that: (1) D0D0 is relatively more elastic at a price of P1. (2) DD is relatively more elastic at a price of P2. (3) D0D0 probably reflects the demand f

    		•
  • Q : Nonexistent market supply and power

    HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. There is a market supply curve for HoloIMAGine technology: (w) nonexistent since price-maker firms simultaneously set prices as well as quantities

    		•
  • Q : Price discriminate for maximizing profit

    Monsieur Cournot has a monopoly on an artesian well from that flows tasty spring water reputed to have medicinal properties. To ignore incurring variable costs, he is adamants that customers bring their own pails and also fill them in

    		•
  • Q : Synonym for the economists term utility

    I have a problem in economics on Synonym for the economist’s term utility. Please help me in the following question. The reasonably close by synonym for the economist’s term utility is: (1) Consumption. (2) Marginalism. (3) Discontentment. (4) Satisfaction

    		•
  • Q : Problem on labor monopsonist Can

    Can someone please help me in finding out the accurate answer from the following question. The labor monopsonist will hire labor up to the point where marginal: (i) Revenue product of the labor equivalents the wage. (ii) Resource c

    		•
  • Q : Calculating accounting profits The firm

    The firm has $70,000 in implicit costs, and the economic profit of $40,000. This firm’s: (i) Explicit cost equivalent $30,000. (ii) Accounting profits equivalent $110,000. (iii) Normal gain equivalents $40,000. (iv) Explicit costs equivalent $110,000.

  • Q : Problem of dockworkers on hiking the pay

    When you were in the ski boat business, your net revenues from selling given numbers of boats would be least influenced by: (i) Govt. increasing fees for boat licenses. (ii) Rises in prices for jet skis. (iii) Pay hikes for dock-workers. (iv) Vacation

    		•