A Normative Economic Statement

question 73

Multiple Choice

A normative economic statement

• A)is a hypothesis used to test economic theory
• B)is a statement of fact
• C)is a statement of what ought to be, not what is
• D)indicates what will occur if certain assumptions are true
• E)enables economists to test hypotheses

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Definitions:

Customer Complaint

A grievance or objection raised by a customer regarding a product or service provided by a company.

Policy Change

An alteration or adjustment to existing guidelines or procedures within an organization.

Routine Informational Messages

Standardized communications that convey necessary details about day-to-day operations, tasks, or updates within an organization.

Disappointing Information

Information that fails to meet expectations or desired outcomes, leading to feelings of dissatisfaction.