Which of the Following Is a Normative Economic Statement

question 107

Multiple Choice

Which of the following is a normative economic statement?

• A)An increase in corporate income taxes will cause the unemployment rate to increase.
• B)The costs of medical care are increasing faster than the incomes of U.S. citizens.
• C)Teenage unemployment is over ten percent.
• D)Teenage unemployment is too high.

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Definitions:

Carbon Dioxide

An odorless, colorless gas that is generated both by the burning of carbon and organic compounds and through breathing. It naturally exists in the air and plays a crucial role in photosynthesis, being absorbed by plants.

Non-Renewable Resources

Natural resources that cannot be replenished at a sustainable rate, such as fossil fuels and minerals.

Clear-Cutting

A forestry or logging practice where all trees in a designated area are uniformly cut down, often leading to significant ecological and environmental impacts.