A Normative Statement Is One Which

question 207

Multiple Choice

A normative statement is one which:

• A)is based on the law of averages.
• B)pertains only to microeconomics.
• C)pertains only to macroeconomics.
• D)is based upon value judgments.

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Definitions:

Classic Automobile

A vehicle of significant historical interest, typically older models that are collected, preserved, or restored for their nostalgic value and beauty.

Simple Interest

The calculation of interest on the principal amount only, without compounding over time.

Higher Risk Investment

An investment with a greater chance of resulting in a loss or underperforming but potentially offering higher returns.

Balance

The total amount of money in a financial account, calculated by offsetting debits against credits.