A Normative Statement I

question 309

Multiple Choice

A normative statement i. can be tested as to whether it is true or false.
Ii. is considered negative.
Iii. depends on a person's values.

• A)i only
• B)iii only
• C)i and iii
• D)ii and iii
• E)i, ii, and iii

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Definitions:

Public Park

An area of open space provided for recreational use, usually owned and maintained by a city or national government.

Marginal Social Benefit

The additional benefit received by society from the consumption of one more unit of a good or service.

Public Park

A plot of land set aside by a government or community for recreational use by the public, often maintained with public funds.

Socially Optimum

A condition in economics where the allocation of resources maximizes the overall utility or welfare of society.