This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here! So if you said the unemployment rate is 10%, that would be a "positive" statement, but if you say the rate is 5% too high, you are stating your own opinion about what unemployment "should be". Share your own to gain free Course Hero access. Course Hero is not sponsored or endorsed by any college or university. Normative statements are statements of opinion. Far too many people are unemployed these days. Thanks to the COVID-19 epidemic, low unemployment has become a thing of the very recent past. This is an example of a. normative statement b. positive statement c. the circular flow model d. none of the above.. My answer is C because The circular-flow diagram represents the transactions in an economy by flows around a circle. Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors. Congress has been unusually generous to the approximately 41 million unemployed people like me. C) Government is subject to the same rules as all other institutions. mirco economics B) The rate of inflation has increased. C) the circular-flow model. Learn vocabulary, terms, and more with flashcards, games, and other study tools. They involve making value judgments about things. Once the U.S. unemployment rate surpasses the 5 percent to 6 percent range, it reflects high unemployment in the country, according to a 2014 article in USA Today. Suppose that initially equilibrium income was 200 units and that this was also the full employment level of income. C) the circular-ow model. Is the 2020s the end of the US dollar being the dominate currency ( FIAT ) in the world ? Start studying Economics Submission 1. Get your answers by asking now. the U.S. supreme court ruled that the microsoft corporation had illegally protected its windows monopoly against competitors and had attempted to monopolize the market for browsers. This is an example of: A) a normative statement. They involve making value judgments about things. B) a positive statement. 1dph bbbbbbbbbbbbbbbbbbbbbbbb &odvv bbbbbbbbbbbbbbbbbbb 'dwh bbbbbbbbbb ,' $ 0rgxoh 33& sudfwlfh 0xowlsoh &krlfh,ghqwli\ wkh fkrlfh wkdw ehvw frpsohwhv wkh vwdwhphqw ru … 235.Which of the following is a normative statement? Unemployment is universally recognized as undesirable. Unemployment of 5% is too high. Are there any countries’ currencies which have 1/1000 or 0.001 unit (for example: 1 mil )? 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Normative statements are statements of opinion. This is the opposite of positive statements… Start studying Economics CH1. Explain why you believe this.. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Still have questions? The unemployment rate peaked at around 10% following the 2008–09 financial crisis. 234. Study 91 Final Exam - EC 201 flashcards from Allison S. on StudyBlue. 6. C) made generally of wood, plastic, and/or metal. A) Government has grown too large and should be reduced. This is an example of. What’s the difference between money and wealth ? This is a _____ statement. Final Macro economics - Free download as PDF File (.pdf), Text File (.txt) or read online for free. How North Korea's Kim marked the new year, Jennifer Lopez grieves for COVID-19 victims, 'Patriotic Millionaires' want to kick in on relief checks, Cheers! 14) If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15 weeks you are … A Normative Statement. The effects of high unemployment are far reaching, extending from the confines … This is the opposite of positive statements, which are strictly factual. This is an example of: A) a normative statement. Join Yahoo Answers and get 100 points today. Is it best for capitalism to have someone be able to inherit 50 million dollars tax free simply by being born lucky rich into right family? Ask your own questions or browse existing Q&A threads. Find the best study resources around, tagged to your specific courses. D) often useful in forming economic policy. 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