A Normative Economic Statement

question 248

Multiple Choice

A normative economic statement:

• A) is a model used to collect data.
• B) is a statement of fact.
• C) is a statement of what ought to be, not what is.
• D) indicates what will occur if certain assumptions are true.

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Definitions:

Certified Collection Agency

A debt collection agency that has received certification, indicating it adheres to ethical standards and legal regulations in debt collection.

Office Policy

Guidelines and rules established within an office or organization to dictate workflows and behavioral expectations.

Locate a Skip

"Locate a Skip" refers to the process of finding a person who has disappeared, often to avoid legal, financial, or personal responsibilities, commonly used in the bail bond industry.

Referring Individuals

People who direct or recommend others to a specific service, professional, or resource, often used in medical and professional contexts.