Which of the Following Is a Normative Statement

question 173

Multiple Choice

Which of the following is a normative statement?

• A) The United States has a comparative advantage compared to the European Union in the production of wheat.
• B) The main reason why the United States has a trade deficit with China is because China's trade practices are unfair.
• C) Both these statements are normative.
• D) Neither of these statements is normative.

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Definitions:

Trial and Error

A problem-solving method involving repeated, varied attempts which are continued until success, or until the practicer stops trying.

Monte Carlo Analysis

A computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making.

Simulated Service

A technique in service design where a service is tested using simulations to identify potential issues and improvements before actual implementation.

Monte Carlo Analysis

A problem-solving technique that uses random sampling and statistical modeling to estimate mathematical functions and simulate the probability of different outcomes in a process.