An Example of a Normative Economic Statement Is

question 139

Multiple Choice

An example of a normative economic statement is:

• A) The price of wheat is too low.
• B) The current low price of wheat is the result of increased worldwide supply.
• C) When the price of wheat falls, the quantity of wheat purchased rises.
• D) When the price of wheat falls, the cost of wheat-based products falls.

---

Definitions:

Tay-Sach's Disease

A genetic disorder that destroys nerve cells in the brain and spinal cord, leading to severe physical and developmental disabilities in infants.

PKU

A genetic disorder leading to the buildup of phenylalanine in the body, which can result in intellectual disabilities if not treated.

Enzyme

Proteins that act as biological catalysts to speed up chemical reactions in living organisms.

Creativity

The ability to produce original and valuable ideas, involves thinking or acting in ways that are unique and unconventional.