Which of the Following Is a Normative Statement

question 66

Multiple Choice

Which of the following is a normative statement?

• A)The higher is the level of taxes,the lower is consumption spending.
• B)The higher is the level of taxes,the higher are wage demands.
• C)A reduction in export taxes on petroleum would result in higher wages.
• D)Tuition fees should be waived for low-income students.
• E)A free-trade agreement between two countries will result in an increase in trade.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and provisions for the parties involved.

Postbox Rule

A legal doctrine that states that an acceptance of an offer becomes effective when it is posted, not when it is received by the offeror.

Modern Business

Contemporary commercial activities or enterprises that emphasize innovation, technology, and global outreach in operations and strategies.

Freedom Of Contract

The parties to a contract are generally not restricted as to the terms of their contractual agreements.