Economics · Introduction to Economics
Which of the following statements represents a normative economic statement?
- 1Poverty is a socio-economic condition where people fail to meet basic needs.
- 2Unemployment is one of the major causes of poverty in developing nations.
- 3The government should take strict measures to control unemployment and poverty.✓
- 4India's inflation rate was recorded at a specific percentage last fiscal year.
Correct answer
The government should take strict measures to control unemployment and poverty.
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