Economies That Adopt More Open Trade Policies Have Often Historically

question 124

Multiple Choice

Economies that adopt more open trade policies have often historically enjoyed faster economic growth rates as a result.This is an example of what kind of statement?

• A) Marginal
• B) Normative
• C) Positive
• D) Biased

---

Definitions:

Normative Statement

Statements that express opinions about what ought to be, reflecting values or judgements rather than factual assertions.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and families of deceased workers.

Economic Policy

Strategies and actions taken by the government or regulatory bodies to influence the economy's behavior and outcomes.

Economic Growth

The escalation in the real value of goods and services an economy produces, adjusted for inflation, across a timeframe.