Which of the Following Is a Normative Statement

question 188

Multiple Choice

Which of the following is a normative statement?

• A) A decrease in price leads to an increase in quantity consumed.
• B) Incomes grow more rapidly in high-tax states than low-tax states.
• C) People would be better off if government expenditures were higher.
• D) People will buy less butter at $1.50 per pound than they will at $1 per pound.

---

Definitions:

Venture Capitalists

Investors who provide capital to startups and early-stage companies with high growth potential in exchange for equity.

Entrepreneurial Team

A group of individuals with diverse skills and roles who come together to found and build a startup or new venture.

Outsourced

The practice of delegating certain job functions or tasks to external contractors or firms, rather than handling them internally.

Business Plan

A formal document that outlines a company's goals, strategies, market analysis, financial forecasts, and operational structures.