Which of the Following Is an Example of a Normative,as

question 33

Multiple Choice

Which of the following is an example of a normative,as opposed to positive,statement?

• A)If the price of a product decreases,people's willingness to buy that product will increase.
• B)Reducing tax rates on the wealthy would benefit the nation.
• C)If the national saving rate were to increase,so would the rate of economic growth.
• D)The elimination of trade restrictions would increase an economy's standard of living.

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Definitions:

Duress

A situation in which someone performs an act as a result of violence, threat, or other pressure against the person.

Fraud

The intentional deception or misrepresentation made by one party to gain an unfair advantage or harm another party.

Innocently Misrepresented

A situation where a false statement is made without knowledge of its falseness, usually without intent to deceive, but leading another to enter into a contract.

Full-blooded Pomeranian

A dog that is purely of the Pomeranian breed, without any mixed lineage.