Which of the Following Is a Normative Statement

question 418

Multiple Choice

Which of the following is a normative statement?

• A) Studying more hours leads to an increase in your GPA.
• B) Taking extra vitamin C prevents catching a cold.
• C) States should require all motorcycle riders to wear helmets to reduce the number of riders killed.
• D) An increase in tax rates means people work fewer hours.

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Definitions:

Oligopolistic Manufacturers

Companies in an industry where a small number of firms hold a large market share, significantly influencing market dynamics.

Concentration Ratios

Measures that indicate the extent of competition within a market by showing the market share of the largest firms.

Monopoly Power

The ability of a single seller to control the market price and supply of a product or service, reducing competition.

Foreign Competition

Denotes the competitive pressure that domestic companies face from abroad, affecting markets and industries.