Which of the Following Is a 'Normative' Economic Statement

question 108

Multiple Choice

Which of the following is a 'normative' economic statement?

• A)The price of petrol is too high.
• B)The current high price of petrol is the result of strong worldwide demand.
• C)When the price of petrol rises, the quantity of petrol purchased falls.
• D)When the price of petrol rises, transportation costs rise.

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Definitions:

Positive Discipline

A disciplinary approach focusing on constructive feedback and encouraging employees to learn from their mistakes without fear of punitive actions.

Management

The process of planning, organizing, leading, and controlling resources within an organization to achieve its goals efficiently and effectively.

Organizational Setting

The physical and social environment in which an organization operates, including its culture, structure, and external environment.