Economists Consider Normative Statements to Be

question 77

Multiple Choice

Economists consider normative statements to be

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

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Definitions:

Population Variance

A measure quantifying the degree to which individual points in a whole population differ from the population mean.

Hypotheses

Proposed explanations made on the basis of limited evidence as starting points for further investigation.

Population Proportion

A measure that represents the fraction or percentage of individuals in a population who meet a specific criterion.

Sample Size

The quantity of data points or observations gathered during an experiment or research study.