Which of the Following Would Be a Concern of Normative

question 124

Multiple Choice

Which of the following would be a concern of normative economics?

• A) measuring the actual distribution of income in the economy
• B) recommending a change in government policy to make the distribution of income more equitable
• C) determining the impact of higher income taxes on the distribution of income
• D) determining the impact of a lower federal budget deficit on the distribution of income
• E) measuring the change in the nation's income distribution since 1960

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Definitions:

Investor Relations

The department within a company tasked with managing communications and relationships with shareholders and the investment community.

Higher-Order Need

Needs that go beyond the basic physiological or safety requirements, such as social, ego, and self-actualization needs.

Maslow's Hierarchy

Maslow's Hierarchy is a psychological theory proposed by Abraham Maslow, laying out a five-tier model of human needs, from basic physiological needs to the need for self-actualization, influencing motivations and behavior.

Theory X

Assumption that employees dislike work and will try to avoid it.