Which of the Following Is a Normative Statement

question 188

Multiple Choice

Which of the following is a normative statement?

• A) A decrease in price leads to an increase in quantity consumed.
• B) Incomes grow more rapidly in high-tax states than low-tax states.
• C) People would be better off if government expenditures were higher.
• D) People will buy less butter at $1.50 per pound than they will at $1 per pound.

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Definitions:

Revenue Reported

The total income earned by a company from its normal business operations, reported in the financial statements for a specific period.