Which of the Following Is an Example of a Normative

question 87

Multiple Choice

Which of the following is an example of a normative economic statement?

• A)The inflation rate in Australia decreased from 4 per cent last year to 3 per cent this year as a result of lower energy prices.
• B)The economy grew at an annual rate of 5 per cent during the first quarter of this year.
• C)If two automobile companies merge, it is likely that the price of automobiles will rise.
• D)An increase in international trade benefits some workers but hurts others.
• E)Australia should use more renewable energy to reduce greenhouse gas emissions.

Describe the characteristics that define molluscs and their classification within the animal kingdom.

Identify and understand the unique features and life cycles of roundworms and flukes.

Examine arthropod characteristics, including their jointed appendages, exoskeleton, and segmental organization.

Understand the ecological roles and importance of earthworms, including their feeding and movement mechanisms.

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Definitions:

Offshoring

The practice of relocating business processes or production to another country, often to reduce costs or take advantage of favorable economic conditions.

Production Activities

The processes and operations involved in the creation of goods and services, encompassing everything from resource gathering to the final output.

Foreign Locations

Foreign locations refer to places outside a company's home country where it conducts business activities, including offices, factories, or stores.

Net Costs

The total costs incurred by a business after deducting any discounts, allowances, or returns from the gross costs.