Which of the Following Is a Normative Statement

question 98

Multiple Choice

Which of the following is a normative statement?

• A) Flood victims should pay for their own rebuilding.
• B) When the price of kiwi fruit increases, fewer people eat kiwi fruit.
• C) An increase in the supply of computers has caused computer prices to fall.
• D) Recessions lead to increases in the unemployment rate.
• E) Hurricanes strike mainly Florida and North Carolina.

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Definitions:

Surround Sound Systems

Audio systems designed to create a more immersive listening experience by using multiple speakers placed around the listener to replicate a multi-dimensional sound environment.

Monopoly

A market structure characterized by a single seller controlling all supply of a good or service, with no close substitutes.

Marginal Revenue

The incremental revenue earned by selling one more unit of a good or service.

Prices

The financial requirement for buying a good, service, or asset.