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:

Organic Product

A compound resulting from an organic reaction, often comprising carbon-based structures.

Reaction

A process where substances, known as reactants, are converted into different substances, referred to as products, through chemical change.

Reaction

An action where materials combine and create new compounds that possess distinct characteristics.

Notations

Symbols and signs used in various fields such as mathematics, music, and literature to represent specific concepts, quantities, and operations.