Which of the Following Is an Example of a Normative

question 36

Multiple Choice

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

• A)If the money supply falls,interest rates will rise.
• B)Teenage unemployment would be lower if there were no minimum wage.
• C)The quantity of shirts sold increases as the price of shirts decreases.
• D)The federal government's total spending should be reduced.
• E)If interest rates go up,then construction activity will fall.

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Definitions:

Bricklayers

Skilled tradespeople who lay bricks, blocks, and other types of building components to construct or repair walls, foundations, and other structures.

Productivity

The efficiency of production, measured as the ratio of output to inputs used in the production process.

Marginal Product

Marginal Product refers to the additional output generated by employing one more unit of a particular input, holding all other inputs constant.

Bricklayers

Skilled tradespeople who lay bricks, concrete blocks, stone, and other masonry materials to construct or repair walls, foundations, partitions, and other structures.