Economists View Normative Statements as

question 12

Multiple Choice

Economists view normative statements as

• A)prescriptive,making a claim about how the world ought to be.
• B)descriptive,making a claim about how the world is.
• C)statements about the normal condition of the world.
• D)pessimistic,putting the worst possible interpretation on things.

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Definitions:

Inspecting

The act of examining something closely in order to determine its condition or quality.

Paper Files

Physical documents or records maintained in paper format, often organized in folders or filing cabinets.

Legal Proceedings

refers to the sequence of steps in the judicial process, including lawsuits, trials, and the enforcement of legal rights.

Original Documents

Documents that are the first of their kind, not reproductions or copies, holding legal and informative significance.