Which of the Following Is a Normative Economic Statement

question 105

Multiple Choice

Which of the following is a normative economic statement?

• A) If we doubled the size of welfare payments, we would reduce the number of homeless persons.
• B) Companies should be concerned with more than just their profits.
• C) An increase in spending on airport security will reduce the number of hijackings.
• D) If social security were to be privatized, workers would earn a higher rate of return on their retirement contributions.

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Definitions:

Sequential Steps

A series of actions or operations that follow a specific, logical order with a start and end, often used in algorithms and processing.

Natural Language

The language that is used by humans for everyday communication, characterized by its complexity and variability.

Computer Program

A set of instructions that a computer executes to perform a specific task or operation.

PDLC

Stands for Project Development Life Cycle, which outlines the stages involved in developing a project from its inception to its completion.