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