Which of the Following Is a Normative Economic Statement

question 139

Multiple Choice

Which of the following is a normative economic statement?

• A)Rising global demand for coal has led to increases in the price of coal.
• B)With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased.
• C)Toronto is considering increasing funds for light-rail development to promote the use of public transportation.
• D)Pharmaceutical manufacturers should not be allowed to patent their products so prescription drugs would be more affordable.

---

Definitions:

Government Employment

Employment within governmental bodies, including all levels from local to federal.

Labor Force

The sum of individuals in the workforce, comprising both those who are employed and those who are actively looking for work.

State and Local Levels

Refers to the governance and administrative structures that operate below the national level, including state, provincial, or regional governments and local municipalities.

General Sales Tax

A broad-based tax imposed on the sale of goods and services, typically collected by the retailer and passed on to the government.