Which of the Following Statements Is a Normative as Opposed

question 296

Multiple Choice

Which of the following statements is a normative as opposed to a positive economic statement?

• A)Consumer spending generates more jobs.
• B)If the price of gasoline goes up, people buy less.
• C)Labor unions should be allowed to organize in every industry.
• D)Government intervention in markets is common in many countries.

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Definitions:

Copyright Infringement

The unauthorized use of copyrighted material without permission from the copyright holder, violating the holder's rights.

Random Access Memory

A type of computer memory that can be accessed randomly; any byte of memory can be accessed without touching the preceding bytes.

Dana

In some cultures, a term for charitable giving or philanthropic acts, often rooted in religious or ethical beliefs.

Bad Faith Intent

Deliberate deception or dishonesty in negotiations or transactions.