Which of the Following Is a Normative Economic Statement

question 105

Multiple Choice

Which of the following is a normative economic statement?

• A) If we doubled the size of welfare payments, we would reduce the number of homeless persons.
• B) Companies should be concerned with more than just their profits.
• C) An increase in spending on airport security will reduce the number of hijackings.
• D) If social security were to be privatized, workers would earn a higher rate of return on their retirement contributions.

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Definitions:

Promotion Objectives

Refers to the goals a company aims to achieve through its promotional activities, such as increasing brand awareness or sales.

Promotion Cost

Expenses incurred to market and advertise a product, service, or brand to increase sales or awareness.

IMC Audit

A comprehensive evaluation of an organization's Integrated Marketing Communications tactics and strategies to ensure alignment with its goals and effectiveness in the market.