Normative Economic Statements

question 377

Multiple Choice

Normative economic statements

• A) describe what ought to be.
• B) describe what is rather than what ought to be.
• C) describe the process of economic policy-making.
• D) deal with economic hypotheses that are not well-established laws.

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Definitions:

Deep-cycling

The process of discharging and then fully charging a rechargeable battery, used to maximize the battery's lifespan.

Gelled Electrolyte

A type of battery electrolyte that uses a gel substance, enhancing battery stability and reducing the likelihood of leakage.

Maintenance-free

Describes products or systems designed to operate without the need for regular maintenance or upkeep.

Inactivated Shelf Life

The duration for which a product or substance remains effective or safe to use after its activation has been halted or not initiated.