Which One of the Following Is a Normative Economic Statement

question 103

Multiple Choice

Which one of the following is a normative economic statement?

• A) The unemployment rate fell for the fourth straight month, reflecting the effects from stronger economic growth in the second quarter.
• B) The worsening balance of trade must be corrected if this nation is to remain competitive in the world economy.
• C) Consumer prices are rising at a faster rate than in past months, indicating a renewal of inflationary pressures on the economy.
• D) To help balance the Federal budget, Congress increased the tax on gasoline to its highest level in the past 10 years.

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Definitions:

Increase

An increase refers to a situation where there is a growth or rise in a particular quantity or measure, such as an increase in temperature or population.

Zeitgebers

Environmental cues like light and temperature that regulate the biological clock of organisms, influencing sleep and wakefulness cycles.

Sunrise

The time of day when the upper limb of the Sun appears on the horizon in the morning.

Sunset

The time in the evening when the sun disappears below the horizon, marking the transition from day to night.