Which of the Following Is an Example of a Normative

question 33

Multiple Choice

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

• A) A higher price for a good causes people to want to buy less of that good.
• B) A lower price for a good causes people to want to buy more of that good.
• C) To make the good available to more people, a lower price should be set.
• D) If you consume this good, you will be better off.

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Definitions:

Safeguards

Protective measures or mechanisms put in place to prevent harm, damage, or any other undesirable outcome.

Technological Growth

The process of innovation and the spread of new technological inventions, contributing to economic development and changes in societal practices.

Rational Understandings

The ability to comprehend, interpret, and reason about information or situations in a logical and coherent manner.

Naïve Optimism

An overly positive and simple belief in the most favorable outcome of any situation without considering the complexities or potential challenges.