Which Statement Is an Example of Normative Economics

question 138

Multiple Choice

Which statement is an example of normative economics?

• A) The Americans with Disabilities Act reduced employment opportunities for the disabled.
• B) Rent controls reduce the housing stock.
• C) Workers pay the majority of corporate taxes in the form of lower wages.
• D) The government should not have bailed out the domestic automobile market.

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Definitions:

Outstanding Balance

The amount of money owed that remains unpaid.

Payment

The act of transferring money or consideration from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Invoice

A document issued by a seller to a buyer, outlining the quantities and costs of goods or services provided.

EOM

End of Month, a term often used in business and finance to denote activities, reports, or payments that are due or completed at the end of each calendar month.