Which of the Following Is a Normative Economic Statement

question 105

Multiple Choice

Which of the following is a normative economic statement?

• A) If we doubled the size of welfare payments, we would reduce the number of homeless persons.
• B) Companies should be concerned with more than just their profits.
• C) An increase in spending on airport security will reduce the number of hijackings.
• D) If social security were to be privatized, workers would earn a higher rate of return on their retirement contributions.

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Definitions:

Psychological Capital

An individual's positive psychological state, characterized by high self-efficacy, optimism, hope, and resilience.

Self-esteem

An individual's overall subjective emotional evaluation of their own worth or value.

Self-efficacy

It refers to an individual's belief in their own ability to complete tasks and reach goals.

Socially Responsible

Acting in ways that benefit society at large, including ethical considerations towards people, communities, and the environment in decision-making processes.