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:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify such transactions across states.

Refuse to Enforce

The act of a court declining to uphold or implement a contract, agreement, or law deemed unfair, illegal, or against public policy.

International Sales

Transactions involving the sale of goods or services across national borders, subject to various international commercial terms and laws.

Legal Structure

The framework of laws and regulations that establish the legal identity of an entity, its governance, and its operational guidelines.