? This is a _____ statement. This is the opposite of positive statements… We’ve got course-specific notes, study guides, and practice tests along with expert tutors. This is the opposite of positive statements, which are strictly factual. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Start studying Economics Submission 1. C) made generally of wood, plastic, and/or metal. D) comparative... 19.Unemployment of 5% is too high. Ask your own questions or browse existing Q&A threads. Congress has been unusually generous to the approximately 41 million unemployed people like me. This is an example of: A) a normative statement. Explain why you believe this.. Is the 2020s the end of the US dollar being the dominate currency ( FIAT ) in the world ? New booze tariffs about to take effect, Packers suffer major loss days before season finale, Biden certification in Congress likely to be contentious, Groundbreaking rapper, producer MF Doom dies at 49, Legal pot and more: 5 laws taking effect in 2021, Pence to judge: Toss GOP bid to overturn election, Suit against Masterson goes to 'religious arbitration', McConnell: $2K stimulus checks ‘socialism for rich’. Far too many people are unemployed these days. Normative statements are statements of opinion. Suppose that initially equilibrium income was 200 units and that this was also the full employment level of income. 235.Which of the following is a normative statement? Normative statements are statements of opinion. They involve making value judgments about things. Share your own to gain free Course Hero access. The current rate of unemployment of 9% is too high. C) Government is subject to the same rules as all other institutions. Course Hero is not sponsored or endorsed by any college or university. 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. B) The rate of inflation has increased. Unemployment is universally recognized as undesirable. 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? D) Still have questions? D) an example of comparative advantage. Get one-on-one homework help from our expert tutors—available online 24/7. Study 127 economics flashcards from Michaela F. on StudyBlue. Join Yahoo Answers and get 100 points today. Course Hero has all the homework and study help you need to succeed! What’s the difference between money and wealth ? Why do we think a 4.5% unemployment rate is too low or, to put it somewhat diferently, is acceptable. They involve making value judgments about things. The current rate of unemployment of 5% is too high. That is more evident than ever thanks to the Covid-19 pandemic, which left 10 million Americans jobless in its first two weeks. B) a positive statement. Get your answers by asking now. A Normative Statement. The effects of high unemployment are far reaching, extending from the confines … Final Macro economics - Free download as PDF File (.pdf), Text File (.txt) or read online for free. 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. Why is everyone but us so underdeveloped? 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. Answer to 19.Unemployment of 5% is too high. mirco economics Start studying Economics CH1. D) often useful in forming economic policy. Thanks to the COVID-19 epidemic, low unemployment has become a thing of the very recent past. This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here! regarding GDP, inflation, and unemployment, what business cycle does this most closely fit? The current rate of unemployment of 9% is too high. Find the best study resources around, tagged to your specific courses. Are there any countries’ currencies which have 1/1000 or 0.001 unit (for example: 1 mil )? this charge … C) the circular-flow model. This is an example of: A) a normative statement. Unemployment of 5% is too high. Study 91 Final Exam - EC 201 flashcards from Allison S. on StudyBlue. "Unemployment of 5% is too high" is: A) a normative statement. C) the circular-ow model. B) a positive statement. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 6. Satisfaction guaranteed! 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". A) Government has grown too large and should be reduced. 1dph bbbbbbbbbbbbbbbbbbbbbbbb &odvv bbbbbbbbbbbbbbbbbbb 'dwh bbbbbbbbbb ,' $ 0rgxoh 33& sudfwlfh 0xowlsoh &krlfh,ghqwli\ wkh fkrlfh wkdw ehvw frpsohwhv wkh vwdwhphqw ru … 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 … B) a positive statement. 234. C) the circular-flow model. The unemployment rate peaked at around 10% following the 2008–09 financial crisis. This is an example of. 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! 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