Which of the Following Is a Normative Statement

question 266

Multiple Choice

Which of the following is a normative statement?

• A) An increase in consumer income will lead to increased sales of beef.
• B) A decrease in the rate of unemployment will lead to upward pressure on consumer prices.
• C) An increase in the income tax will cause a greater reduction in savings than an increase in the sales tax.
• D) An economy with high unemployment can be worse off than an economy with high inflation.

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Definitions:

Fraudulent Misrepresentation

A false statement of fact made with knowledge of its falsity, intended to induce another to act, resulting in harm.

Punitive Damages

Damages exceeding simple compensation and awarded to punish the defendant for egregious behavior or acts.

Tort Of Deceit

A civil wrong involving intentional misrepresentation, leading another to suffer damages.