Which One of the Following Is a Normative Economic Statement

question 103

Multiple Choice

Which one of the following is a normative economic statement?

• A) The unemployment rate fell for the fourth straight month, reflecting the effects from stronger economic growth in the second quarter.
• B) The worsening balance of trade must be corrected if this nation is to remain competitive in the world economy.
• C) Consumer prices are rising at a faster rate than in past months, indicating a renewal of inflationary pressures on the economy.
• D) To help balance the Federal budget, Congress increased the tax on gasoline to its highest level in the past 10 years.

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Definitions:

Encourage Self-Disclosure

The process of motivating individuals to share their thoughts, feelings, or experiences, which can foster intimacy and understanding in interpersonal relationships.

Decrease Narcissism

Refers to actions or interventions aimed at reducing behaviors or attitudes characterized by an excessive interest in oneself and one's physical appearance.

Social Media Diet

A deliberate reduction or adjustment in one’s social media consumption to improve mental health or productivity.

Sustainable Way

A method or approach to conducting activities that aims to meet current needs without compromising the ability of future generations to meet their own needs.