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:

President Truman

The 33rd President of the United States, who led the country through the final stages of World War II and the early years of the Cold War.

Flat Organizations

Organizational structures with few or no levels of middle management between staff and executives.

Developmental Method

An approach or technique focused on fostering growth, learning, and improvement in individuals or organizations.

Promotions

The advancement of an employee's rank or position in an organizational hierarchy system.