Normative Statements Are

question 60

Multiple Choice

Normative statements are

• A)prescriptive,whereas positive statements are descriptive.
• B)descriptive,whereas positive statements are prescriptive.
• C)backward-looking,whereas positive statements are forward-looking.
• D)forward-looking,whereas positive statements are backward-looking.

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Definitions:

Inelastic Nature

A characteristic of a good or service whose demand does not significantly change with the price.

Agricultural Demand

The total demand for agricultural products, influenced by factors such as population growth, income levels, and dietary preferences.

Farm Employment

Jobs and labor related to agriculture, including positions in farming, crop cultivation, and animal husbandry.

Total Employment

The total number of people currently employed in the economy, including both full-time and part-time workers.