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.

---

Definitions:

Sample Size

The number of observations or units chosen from a population to participate in a study.

Confidence Interval

A sequence of values, stemming from sample analyses, presumed to contain the value of an undisclosed population parameter.

Confidence Level

The probability or percentage that expresses how certain one can be about the confidence interval containing the true parameter value.

Confidence Level

The probability that a confidence interval contains the true population parameter.