Which of the Following Is NOT a Normative Economic Statement

question 333

Multiple Choice

Which of the following is NOT a normative economic statement?

• A) States should reduce the tax on heating fuel oil during the winter.
• B) People over the age of 75 should not be allowed to drive cars.
• C) Teenagers are responsible for most driving fatalities.
• D) We don't spend enough money on anti-smoking campaigns.
• E) The price of gasoline is too high.

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Definitions:

Income from Operations

An alternative term for Operating Income, highlighting earnings generated from a company's regular business activities.

Gross Profit

The income a company retains after subtracting the costs directly associated with production but before deducting operating expenses.

Locomotive Division

A business segment within a larger company that specializes in the development, manufacture, or maintenance of locomotives.

Income From Operations

Another term for operating income, representing profit from a company's regular business activities but excluding extraordinary items and expenses like taxes and interest.