Which of the Following Is a Normative Economic Statement

question 140

Multiple Choice

Which of the following is a normative economic statement?

• A)Rising corn prices have increased the price of corn-based ethanol.
• B)With rising home prices and falling mortgage interest rates, the amount of home foreclosures has decreased.
• C)The federal government is considering increasing regulations on the use of fossil fuels to promote the use of wind power.
• D)Farmers should not be allowed to grow and sell genetically-modified crops.

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Definitions:

Scientific Journals

Publications that report original scientific research and are peer-reviewed by experts in the field to ensure the accuracy and validity of the studies presented.

Statistically Significant

A determination that a result is unlikely to have occurred by random chance, indicating a meaningful difference or relationship in data.

Gender

A social and cultural construct related to the behaviors, roles, expectations, and activities considered appropriate for males and females in a society.

Effect Size

Effect size is a quantitative measure used in statistics to describe the magnitude of the difference between two groups in an experiment or study.