Which of the Following Is a Normative Economic Statement

question 3

Multiple Choice

Which of the following is a normative economic statement?

• A)The price of gasoline is too high.
• B)The current high price of gasoline is the result of strong worldwide demand.
• C)When the price of gasoline rises, the quantity of gasoline purchased falls.
• D)When the price of gasoline rises, transportation costs rise.

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Definitions:

Clinical Significance

The practical importance of a treatment's effect, indicating a meaningful improvement in a patient's condition as observed in a clinical setting.

Correlational Studies

Research methods that examine the relationship between two or more variables without manipulating them to determine cause and effect.

Experiments

Scientific procedures undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Case Studies

In-depth analyses or investigations of particular instances or examples, often used to illustrate a specific point or to explore a phenomenon in detail.