Which of the Following Is a Normative Economic Statement

question 133

Multiple Choice

Which of the following is a normative economic statement?

• A)The U.S.rate of unemployment was lower in 2004 than it was in 1994.
• B)Savings accounts earn interest,whereas checking accounts do not.
• C)Congress must recognize that the growing national debt is the most serious problem that the country faces.
• D)The unemployment rate increases when the percentage of the labor force without jobs increases.
• E)The unemployment rate among teenagers is higher than the rate among adults.

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Definitions:

Personal Characteristics

Attributes or qualities specific to an individual that define their personality, behavior, and abilities.

Conditioning

The process of learning associations between environmental events and behavioral responses, typically discussed in the context of classical and operative conditioning.

Spotlight Effect

The psychological tendency to overestimate the extent to which our actions and appearance are noticed by others.

Current

Pertaining to the present time or most recent; also refers to a flow of electricity through a conductor.