Which of the Following Is an Example of a Normative

question 45

Multiple Choice

Which of the following is an example of a normative statement?

• A) Tom is a college student.
• B) Immigration into the United States should be encouraged.
• C) The cost of basic health insurance rose from the previous year.
• D) The federal minimum wage is $7.25.

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Definitions:

High-value Bidders

Individuals or entities willing to offer significantly higher prices in auctions, typically due to the perceived value of the item or contract.

Low-value Bidders

Participants in an auction or competitive process who offer significantly lower bids compared to others.

Bid-rigging Cartel

A group of firms that illegally coordinate their bids to control market prices and eliminate competition in auctions or tender processes.

Winning Bid

The highest offer made in an auction that secures the purchase of the item or service.