Which of the Following Is a Normative Economic Statement

question 57

Multiple Choice

Which of the following is a normative economic statement?

• A)The price of wheat is too low.
• B)The current low price of wheat is the result of increased worldwide supply.
• C)When the price of wheat falls, the quantity of wheat purchased rises.
• D)When the price of wheat falls, the cost of wheat-based products falls.

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Definitions:

Medical Model

A framework that views psychological disorders as illnesses that have underlying biological causes and can be treated through medical intervention.

Alcohol Use Disorder

The state of being unable to reduce or cease alcohol use, even when it leads to negative consequences in one’s social life, job, or health.

Disease

Disease denotes a condition that impairs normal bodily functioning, often characterized by specific signs and symptoms, and can be caused by factors like pathogens, genetic mutations, or environmental stress.

Maladaptive

Behaviors or thought patterns that are counterproductive to an individual's well-being or ability to meet needs and goals.