Which of the Following Is a Normative Economic Statement

question 3

Multiple Choice

Which of the following is a normative economic statement?

• A)The price of gasoline is too high.
• B)The current high price of gasoline is the result of strong worldwide demand.
• C)When the price of gasoline rises, the quantity of gasoline purchased falls.
• D)When the price of gasoline rises, transportation costs rise.

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Definitions:

Eardrum

A thin, cone-shaped membrane that separates the external ear from the middle ear, and vibrates in response to sound waves.

Taste Buds

Sensory organs located on the tongue that are responsible for perceiving and differentiating flavors.

Temporal Lobe

A region of the cerebral cortex located beneath the temples, associated with processing auditory information and encoding memory.

Frontal Lobe

The part of the brain located at the front of the skull, responsible for important cognitive skills such as emotional expression, problem solving, memory, language, judgment, and sexual behaviors.