Which of the Following Is a Normative Statement

question 456

Multiple Choice

Which of the following is a normative statement?

• A) Low rents will restrict the supply of housing.
• B) Low rents are good because they make apartments more affordable.
• C) Housing costs are rising.
• D) Owners of apartment buildings are free to charge whatever rent they want.

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Definitions:

Radio Stations

Broadcast outlets that transmit audio content via radio waves to the public, offering music, news, talk shows, and other programming.

NBC

A major American television network known for producing and broadcasting a wide range of programming, including news, entertainment, and sports.

Planned Obsolescence

The business strategy of designing products with a limited useful life so that they will need to be replaced, stimulating consumer demand.

Alfred P Sloan

An influential American industrialist who served as president and CEO of General Motors, significantly impacting the automotive industry with his management strategies.