Which of the Following Is a Normative Economic Statement

question 79

Multiple Choice

Which of the following is a normative economic statement?

• A)Rising global demand for coal has led to increases in the price of coal.
• B)With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased.
• C)The state of Texas is considering increasing funds for light-rail development to promote the use of public transportation.
• D)Pharmaceutical manufacturers should not be allowed to patent their products so prescription drugs would be more affordable.

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Definitions:

Financially Independent

The state of having sufficient personal wealth to live, without needing to work actively for basic necessities.

Battered Wives

Women who experience physical, emotional, or sexual abuse by their spouse or intimate partner.

Abusive Husbands

Men who inflict physical, emotional, or psychological harm on their wives.

Fathers

Male parents or guardians who have a significant role in raising and nurturing their children.