Which of the Following Is NOT a Normative Economic Statement

question 333

Multiple Choice

Which of the following is NOT a normative economic statement?

• A) States should reduce the tax on heating fuel oil during the winter.
• B) People over the age of 75 should not be allowed to drive cars.
• C) Teenagers are responsible for most driving fatalities.
• D) We don't spend enough money on anti-smoking campaigns.
• E) The price of gasoline is too high.

---

Definitions:

Substitutes

Goods or services that can replace each other in usage, where an increase in price of one leads to an increase in demand for the other.

Price Elasticity

An appraisal of how demand levels are impacted by price changes of a good.

Movie Streaming

The practice of watching movies over the internet without downloading them, typically through subscription services or on-demand platforms.

Movie Theater

An entertainment venue designed for the exhibition of films, where audiences can watch movies on a large screen.