Which of the Following Statements Is an Example of Normative

question 120

Multiple Choice

Which of the following statements is an example of normative economics?

• A)The rich are getting richer and the poor are getting poorer.
• B)The Justice Department has ruled that Microsoft is a monopoly.
• C)The federal government should allocate more of its budget toward education programs.
• D)All of the statements above represent examples of normative economics.
• E)None of the statements above represent examples of normative economics.

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Definitions:

Diverse Teams

Groups composed of members with varied characteristics, backgrounds, skills, and perspectives working towards common goals.

Teamwork Performance

The efficiency and productivity of a team in accomplishing shared goals through collaborative effort.

Cultural Beliefs

The ideas that are widely accepted and shared by a specific group of people, shaping their behavior and understanding of the world.

Task Groups

Groups formed with the specific purpose of achieving a particular task or objective, often found in organizational or project settings.