Which of the Following Is a Normative Statement

question 51

Multiple Choice

Which of the following is a normative statement?

• A) Reducing the budget deficit will also reduce the balance of trade deficit.
• B) Tariffs on imported cars result in higher prices for domestic auto consumers.
• C) A tax cut will cause higher inflation.
• D) The government should spend more to help the poor.

Distinguish between different types of probabilities (prior, joint, marginal, posterior) in the context of decision analysis.

Understand basic decision analysis techniques and their applications.

Identify and apply the rollback technique in decision tree analysis.

Understand the distinction between correlational and causational links in health statistics.

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Definitions:

Loves Job

A strong positive feeling towards one's profession or occupation.

Emotional Component

Aspect of a reaction or response characterized by feelings and sentiments.

Cognitive Component

An aspect of attitude related to beliefs, knowledge, and thoughts about a subject or issue.

Attitudes

An established mindset or emotional stance regarding a person or object, usually manifested in how one acts.