Which of the Following Is an Example of a Normative,as

question 24

Multiple Choice

Which of the following is an example of a normative,as opposed to positive,statement?

• A)Gasoline prices ought to be lower than they are now.
• B)The federal government should raise taxes on wealthy people.
• C)The social security system is a good system and it deserves to be preserved as it is.
• D)All of the above are normative statements.

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Definitions:

Federal Income Tax

A tax levied by the United States federal government on the annual income of individuals, corporations, trusts, and other legal entities.

Economic Statement

A declaration or report that provides information regarding the financial performance or economic conditions of an entity, sector, or economy.

Minimum Wage

The lowest legal hourly pay for workers, as established by law.