Which of the Following Is an Example of a Normative

question 95

Multiple Choice

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

• A) Lower income tax rates will generate greater income tax revenue to the government.
• B) Income tax rates should be lower because that will increase government revenue.
• C) Lower income tax rates yield a larger federal government deficit.
• D) The federal budget deficit has increased every year for the last twenty years.

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Definitions:

Internet Technology

The use of interconnected computer networks to communicate, access information, and carry out other tasks through the internet.

Order Management Process

A systematic approach to managing and fulfilling sales orders, encompassing order receipt, processing, fulfillment, and after-sales service.

CRM Process

Customer Relationship Management process, involving strategies and technologies used by companies to manage and analyze customer interactions and data throughout the customer lifecycle.

Customer Relationships

The ongoing interactions and engagements a business has with its customers, aiming to foster loyalty and satisfaction.