Which of the Following Is a Normative Statement

question 70

Multiple Choice

Which of the following is a normative statement?

• A)Reducing the budget deficit will also reduce the balance of trade deficit.
• B)Tariffs on imported cars result in higher prices for domestic auto consumers.
• C)A tax cut will cause higher inflation.
• D)The governments should spend more to aid the poor.

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Definitions:

Best-Cost Provider

A strategy where a company aims to offer products or services that are of high quality and relatively low cost to attain a competitive advantage.

Porter's

Porter's frameworks involve strategic tools created by Michael Porter, such as the Five Forces analysis and the Value Chain, used for assessing the competitive environment and organizational capabilities.

Locally Grown

Refers to products, especially food items, that are produced and consumed within a relatively small geographic area.

Mission

The fundamental purpose of an organization, stated in a way that captures its goals, underlying philosophies, and core values.