Which of the Following Is a Normative Economic Statement

question 79

Multiple Choice

Which of the following is a normative economic statement?

• A)Rising global demand for coal has led to increases in the price of coal.
• B)With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased.
• C)The state of Texas is considering increasing funds for light-rail development to promote the use of public transportation.
• D)Pharmaceutical manufacturers should not be allowed to patent their products so prescription drugs would be more affordable.

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Definitions:

Insurance Company

An organization that offers risk management in the form of insurance policies, providing financial protection against loss or harm in return for premium payments.

Fire Damages

The physical destruction or harm caused to property and assets by fire.

Semiannual Payments

Payments made twice a year, often used in the context of loan repayments or interest calculations.

Quarterly Payments

Payments made every three months during a fiscal year, often used for taxes, insurance, or interest payments.