Which of the Following Is an Example of a Normative

question 33

Multiple Choice

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

• A) A higher price for a good causes people to want to buy less of that good.
• B) A lower price for a good causes people to want to buy more of that good.
• C) To make the good available to more people, a lower price should be set.
• D) If you consume this good, you will be better off.

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Definitions:

Nonbinding Recommendations

Advisories issued by an authority or organization that lack the power of enforceable law but aim to guide behavior or action.

Med-arb

A combination of mediation and arbitration, in which a dispute is first attempted to be resolved through mediation, and if unsuccessful, the same or a different neutral party conducts an arbitration.

Issue-by-issue

A method of dealing with problems or debates one topic at a time, instead of addressing all issues simultaneously.

Whole Package

Refers to the total compensation and benefits package offered to employees, including salary, health benefits, bonuses, and other perks.