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