In Economics, Normative Statements Are About

question 242

Multiple Choice

In economics, normative statements are about

• A) the way things ought to be.
• B) the way things are.
• C) marginal benefits, not marginal costs.
• D) marginal costs, not marginal benefits.

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Definitions:

Bone Marrow Study

A medical examination of the bone marrow, usually involving a biopsy, to diagnose and monitor diseases and conditions affecting blood and bone marrow.

Osteosarcoma

A type of cancer that starts in the bones, usually occurring in the long bones of the arms and legs, and is most common in teenagers and young adults.

Leukemia

A type of cancer that affects the blood and bone marrow, characterized by an overproduction of abnormal white blood cells.

Sigmoidoscopy

A medical examination of the sigmoid colon by means of a flexible tube inserted through the anus to check for cancer, polyps, and other anomalies.