Which of the following is a norma-tive economic statement?
A. Unemployment rate decreases with industrialization
B. Economics is a social science that studies human behaviour.
C. The minimum wage should be raised to ₹ 200 per day
D. India spends a huge amount of money on national defence.
Answer:C
Which of the following is a norma-tive economic statement?
A. Unemployment rate decreases with industrialization B. Economics is a social science that studies human behaviour. C. The minimum wage should be raised to ₹ 200 per day D. India spends a huge amount of money on national defence.