Which of the Following Is a Normative Economic Statement

question 133

Multiple Choice

Which of the following is a normative economic statement?

• A)The U.S.rate of unemployment was lower in 2004 than it was in 1994.
• B)Savings accounts earn interest,whereas checking accounts do not.
• C)Congress must recognize that the growing national debt is the most serious problem that the country faces.
• D)The unemployment rate increases when the percentage of the labor force without jobs increases.
• E)The unemployment rate among teenagers is higher than the rate among adults.

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Definitions:

Civil Action

A legal proceeding in which one party sues another for the redress of a private grievance, involving non-criminal matters.

Wrong or Injury

A harm or violation suffered by an individual, either physically or legally, which may be redressed by legal action.

Intentional Torts

Deliberate acts carried out by one party intending to cause harm or consequences to another party, leading to liability.

Negligent

Failing to exercise the care that a reasonably prudent person would exercise in similar circumstances, resulting in harm or damage.