Question

Which of the following is normative statement ?

• A. Planned economics allocate resources via government departments
• B. Reducing inequality should be a major priority for mixed economies.
• C. There is greater degree of consumer sovereignty in market economies.
• D. Most transitional economies have experienced problems of falling output and rising prices over the past decade.

Answer 1

The correct option is B

Reducing inequality should be a major priority for mixed economies.

Option b) Reducing inequality should be a major priority for mixed economies.