Which of the Following Is an Example of a Normative

question 135

Multiple Choice

Which of the following is an example of a normative statement?

• A) The unemployment rate is six percent.
• B) There should be no unemployment in an advanced industrial society.
• C) Higher prices cause consumers to buy less.
• D) Equilibrium price implies that quantity demanded equals quantity supplied.

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Definitions:

Fort Worth, TX

A city in the U.S. state of Texas, known for its rich history in the cattle ranching industry and vibrant cultural scene.

Stockyards

Designated areas where livestock are held temporarily before being slaughtered, sold, or shipped to another location.

Ranch Hands

Workers responsible for the maintenance and operations of a ranch, including caring for livestock.

Increase Prices

The action of raising the selling price of products or services, typically to reflect increased costs or improved value.