In Economics, Normative Statements Are About

question 460

Multiple Choice

In economics, normative statements are about

• A) the way things are.
• B) the way things ought to be.
• C) marginal costs, not marginal benefits.
• D) marginal benefits, not marginal costs.

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Definitions:

Disadvantaged Children

Young individuals who face social, economic, or physical challenges that hinder their ability to achieve their full potential.

School Vouchers

Government-funded programs that allow parents to use public financing allocated for their child's education to send their child to a school of choice, including private and charter schools.

Comprehensive Preschools

Educational institutions that provide a wide range of services and learning experiences aimed at the development of young children, often including health, nutrition, and family support.

School Budgets

Financial plans that outline expected income and expenses for educational institutions over a specific period.