Which of the Following Statements Belongs More Properly in the Field

question 4

Multiple Choice

Which of the following statements belongs more properly in the field of normative economics than positive economics?

• A)An increase in the minimum wage leads to more unemployment.
• B)The price of one Canadian dollar is $0.85 U.S.
• C)When a drought occurs,the price of vegetables tends to rise.
• D)Canadian governments should provide assistance to the auto industry.
• E)Technological change has reduced the cost of cell phone service.

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Definitions:

Freedom

The state of being free from unnecessary restrictions, allowing individuals to make choices regarding their lives and actions.

Bitcoin Currency

A decentralized digital currency without a central bank or single administrator, which can be sent from user to user on the peer-to-peer bitcoin network.

No Government

A situation or theoretical scenario where there is an absence of government and its governing bodies in a society.

GDP per Capita

GDP per capita is a measure that divides a country's gross domestic product by its population, reflecting the average economic output per person.