Assertion (A): 'Inflation should be kept below 4%' is a positive statement.
Reason (R): A normative statement expresses an opinion about what ought to be.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

The word 'should' makes it a judgement about what ought to be, so it is normative and A is false.
R correctly defines a normative statement.

Concept: Normative wording
Typical timeTypical: 100 s
Your timeYours: —

The rule this testsEconomic systems; positive and normative

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Assertion (A): 'Inflation should be kept below 4%' is a positive statement.Reason (R): A normative statement expresses an opinion about what ought to be.

Explanation

Assertion (A): 'Inflation should be kept below 4%' is a positive statement.
Reason (R): A normative statement expresses an opinion about what ought to be.