Which of the Following Is a Normative Statement

question 68

Multiple Choice

Which of the following is a normative statement?

• A) The governmentʹs cuts in welfare spending impose an unfair hardship on the poor.
• B) Consumers will buy more gasoline over the Christmas holiday even if the price of gas is 10 cents higher than it was during the Thanksgiving holiday.
• C) The current butter surplus is the result of federal policies.
• D) Next yearʹs inflation rate will be under 4 percent.

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Definitions:

Quantity of Labor

The total hours of labor provided by workers for the production of goods and services.

Theory of Education

The Theory of Education explores the processes and factors influencing learning, teaching, and the overall educational system.

Innate Productivity

The natural or inherent ability of an individual, firm, or country to produce goods and services efficiently.

Above-Equilibrium Wage

A wage rate set above the market equilibrium, where the quantity of labor supplied exceeds the quantity of labor demanded, often leading to unemployment.