Which Is a Normative Economic Statement

question 203

Multiple Choice

Which is a normative economic statement?

• A) Raising the price of new textbooks will lead students to seek more used textbooks.
• B) Raising the price of new textbooks will lead students to buy fewer new textbooks.
• C) Publishers should not raise the price of new textbooks.
• D) The price of new textbooks will rise if transportation costs and costs of paper rise.

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Definitions:

Adolescent Suicides

The act of intentionally ending one's own life, particularly among individuals in their teenage years.

Increased Dramatically

A term describing a rapid and significant rise or growth in the magnitude or extent of something.

Famous Person

An individual who has received significant public attention and recognition in the media for their achievements, personality, or activities.

Nation's Suicide Rates

Statistical measures that indicate the number of suicides occurring per year within a given country, typically expressed per 100,000 individuals.