Asked by
HAYDEN DURKE
on Oct 26, 2024
Verified
"The unemployment rate should be higher" is a normative statement.
Normative Statement
A statement that expresses a value judgment or opinion, indicating what ought to be rather than what is empirically observable.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment.
- Discriminate between normative and positive economic propositions.
Verified Answer
WB
Learning Objectives
- Discriminate between normative and positive economic propositions.