Which of the Following Is the Best Example of a Normative

question 239

Multiple Choice

Which of the following is the best example of a normative economic statement?

• A) A rise in gasoline prices will cause gasoline purchases to fall.
• B) The federal government should spend more on health care.
• C) Raising the minimum wage will result in greater unemployment.
• D) If more money is printed, then the economy's price level will rise.

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Definitions:

Clearance Fit

A type of fit in engineering where there is a deliberate space between two mating parts, allowing freedom of movement.

Interference Fit

A type of fit where parts are designed such that their dimensions cause them to partially deform when assembled, ensuring a very tight fit.

Transitional Fit

A type of fit between components where either a small amount of interference or a small amount of clearance is permissible, allowing for easier assembly compared to interference fits.

Locational Fit

The tolerance and fit specification designed to maintain precise location of a part or component, ensuring proper alignment and function without regard to clearance or interference conditions.