Which of the Following Contains Only Normative Statements

question 113

Multiple Choice

Which of the following contains only normative statements?

• A) The birth rate is reduced as economies urbanize, but that also leads to a decreased average age of developing countries' populations.
• B) An increase in the price of corn will decrease the amount of corn purchased. However, it will increase the amount of wheat purchased.
• C) A decrease in the price of butter will increase the amount of butter purchased, but that would be bad because it would increase Americans' cholesterol levels.
• D) none of the above contain only normative statements.

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Definitions:

Trade Deficit

A scenario in which a nation's expenditure on imported goods and services surpasses its revenue from exports, resulting in a greater outflow of money than inflow.

Trade Surplus

A situation in which a country exports more goods and services than it imports.

GATT Negotiations

Series of negotiations under the General Agreement on Tariffs and Trade aimed at reducing trade barriers and promoting international trade.

Intellectual Property Rights

Legal rights granted to creators and inventors to protect their inventions, literary and artistic works from unauthorized use.