Which One of the Following Is an Example of a Normative

question 73

Multiple Choice

Which one of the following is an example of a normative statement?

• A)A digital camera costs more than a disposable camera.
• B)Most digital cameras sold in the United States are imported from other countries.
• C)A camera makes a good wedding gift.
• D)More people will buy digital cameras as their prices decline.

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Definitions:

Investment Properties

Properties (land or a building—or part of a building—or both) held to earn rentals or for capital appreciation, or both, rather than for use in the production or supply of goods or services or for administrative purposes.

Power Generation

The process of producing electricity from various energy sources, including fossil fuels, nuclear power, and renewable resources like wind and solar.

Monetary Item

Financial assets and liabilities which are to be received or paid in fixed or determinable amounts of money.

Closing Rate

The exchange rate of one currency to another at the end of a trading session in the foreign exchange market.