Which of the Following Is an Example of a Normative

question 118

Multiple Choice

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

• A)The moon is made of green cheese.
• B)Women should earn the same income as men.
• C)When the price of a good rises, people will buy more of it.
• D)The more time you spend studying, the higher your economics test scores will be.
• E)The more time you spend studying for chemistry, the higher your economics test score will be.

Comprehend the principle that people respond to incentives and its implications for economic behavior and policy.

Understand the principles of network access control schemes and how they impact data transmission.

Identify and differentiate between various network topologies.

Comprehend the primary function of a Local Area Network (LAN).

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Definitions:

Identical Products

Goods that are exactly the same in every characteristic, quality, and performance, with no differentiation.

Wasteful Duplication

The unnecessary repetition of tasks or production, often leading to inefficiency and increased costs.

Excess Capacity

A situation where a firm is operating below its maximum production capability and can produce more with the existing resources.

Physical And Human Capital

Assets including machinery, buildings (physical capital) and the skills, knowledge, and experience possessed by an individual or population (human capital).