Which of the Following Is a Normative Economic Statement

question 35

Multiple Choice

Which of the following is a normative economic statement?

• A) The unemployment rate for the United States is currently 5.4 percent.
• B) The inflation rate in the United States is too high.
• C) An increase in the price of a good will reduce the amount purchased.
• D) Higher profits in an industry will attract more entrepreneurs into the industry.

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Definitions:

Attachment Styles

Patterns of expectations, needs, and emotions one exhibits in interpersonal relationships, influenced by early interactions with caregivers.

Preoccupied

Being engrossed or absorbed in thoughts or concerns, often to the extent of being unaware of one's surroundings.

Dismissing

The act of rejecting or refusing to acknowledge the validity or importance of something.

Secure Attachment

A form of attachment characterized by a positive view of the self and others, leading to healthy, trusting, and long-lasting relationships.