Which of the Following Descriptions of Normative Statements Is the Most

question 206

Multiple Choice

Which of the following descriptions of normative statements is the most accurate?

• A) They are prescriptive, making claims about how the world ought to be.
• B) They are descriptive, making claims about how the world is.
• C) They are affirmative, justifying existing economic policy.
• D) They are optimistic, putting the best possible interpretation on things.

Learn the factors that influence the strength of demand for a resource.

Understand the concept of marginal resource cost and how it is determined.

Comprehend the relationship between marginal revenue product (MRP) and hiring decisions in competitive markets.

Identify the effects of changes in wage rates and resource prices on the quantity of labor and resources employed.

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Definitions:

Research Study

A systematic investigation designed to develop or contribute to generalizable knowledge through data collection, analysis, and interpretation.

Consent

Voluntary agreement or permission for something to happen, based on an understanding of what the action entails.

Child's Agreement

The consent or assent of a minor, under the age of legal competence, to participate in activities or decisions affecting them, often requiring parental permission.

Participate

To take part or become involved in an activity or event.