Which of the Following Is NOT a Normative Statement

question 179

Multiple Choice

Which of the following is NOT a normative statement?

• A) People buy more of a good or service when its price falls.
• B) The government ought to provide health care to everyone.
• C) The distribution of income is fair.
• D) Corporations should be more socially responsible.

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Definitions:

Financial System

The set of processes and mechanisms that enable the transfer of money between savers, borrowers, and investors.

Federal Reserve

The central banking system of the United States, responsible for monetary policy and regulation of financial institutions.

State Banking Agencies

Governmental bodies at the state level that regulate and oversee banking institutions and their operations within that state.

Federal Comptroller

A government official responsible for supervising the quality and legality of financial and administrative operations in federal agencies.