Which of the Following Is an Example of a Normative,as

question 1

Multiple Choice

Which of the following is an example of a normative,as opposed to positive,statement?

• A)Following the most recent recession,the economy is recovering at a slower than usual pace.
• B)To stimulate the economy during the most recent recession,the federal government increased spending.
• C)In response to the most recent recession,the federal government extended the duration of unemployment benefits.
• D)The federal government's responses to the most recent recession were insufficient.

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Definitions:

Pure Competition

Market structure, in which large numbers of buyers and sellers exchange homogeneous products and no single participant has a significant influence on price.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in order to bring new products or services to the market.

Resource Allocations

The process of assigning and distributing available resources, such as time, money, and manpower, among various projects or departments to achieve organizational goals.