Which of the Following Statements About Normative Analysis Is Correct

question 62

Multiple Choice

Which of the following statements about normative analysis is correct?

• A)Normative analysis, because it is based on opinion, rarely employs any positive analysis when prescribing a solution to a given problem.
• B)Normative analysis typically cannot be trusted because it is only someone's opinion.
• C)Normative analysis ignores exogenous variables when making predictions.
• D)Normative analysis typically focuses on issues of social welfare.

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Definitions:

Middle-aged

Pertains to individuals who are in the mid-point of their lives, typically considered between the ages of 40 and 65.

Generations

Periods of time, usually considered to be about 30 years, that separate birth cohorts, leading to differing attitudes and values among groups.

Wage Gap

The difference in average earnings between different groups in the workforce, particularly seen in the disparity between men and women's earnings.

Rich And Poor

Terms that describe the economic status of individuals or groups, indicating a significant disparity in wealth and resources.