Question

If a Professor of Sociology said that all corporations are greedy and that they are the cause of social and income inequality because that was their

personal opinion on this issue, then what kind of statement is this?
Multiple Choice
O
Normative Economics
None of the above.
Positive Economics
A very logical and well thought out statement.

Answer 1

The statement made by the Professor of Sociology is a normative economics statement.

Step-by-step explanation:

The statement made by the Professor of Sociology is an example of a normative economics statement. Normative economics refers to statements that reflect an opinion or subjective judgment rather than objective facts or principles. In this case, the professor's statement about corporations being greedy and causing social and income inequality is based on their personal perspective and values.

Learn more about normative economics