How Do Economists View Normative Statements

question 151

Multiple Choice

How do economists view normative statements?

• A) descriptive, making a claim about how the world is
• B) as false statements about the normal condition of the world
• C) prescriptive, making a claim about how the world ought to be
• D) as statements that establish production goals for the economy

Recognize the significance and allocation of learning and development expenditures.

Implement steps for conducting needs and organizational analyses.

Differentiate between pre-training, training, and post-training interventions.

Understand the principles of effective training content and feedback.

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Definitions:

Dependent Variable

In an experiment or study, it is the variable that is tested and measured, and it is expected to change as a result of changes in the independent variable.

Straight Line

In the context of graphs, a linear representation that exhibits a constant rate of change between two variables.

Horizontal Change

A term that does not have a standard definition in economics; it might be a misinterpretation or miscommunication of a concept. NO.

Vertical Change

A movement along the y-axis in a graph, which in economic terms can represent changes in price or quantity depending on the context.