Which of the following is a norma-tive statement?
A. Planned economies allocate re-sources via government depart-ments.
B. Most transitional economies have experienced problems of falling output and rising prices over the past decade.
C. There is a greater degree of consumer sovereignty in market economies than planned econo-mies.
D. Reducing inequality should be a major priority for mixed econo-mies
Answer:D
Which of the following is a norma-tive statement?
A. Planned economies allocate re-sources via government depart-ments. B. Most transitional economies have experienced problems of falling output and rising prices over the past decade. C. There is a greater degree of consumer sovereignty in market economies than planned econo-mies. D. Reducing inequality should be a major priority for mixed econo-mies