Which of the Following Is a Normative Economic Statement

question 166

Multiple Choice

Which of the following is a normative economic statement?

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

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Definitions:

Catholic Reformation

A period of Catholic revival beginning in the late 16th century, in response to the Protestant Reformation, aiming to reform and renew the Roman Catholic Church.

Capuchins

An order of friars within the Catholic Church, known for their missionary work and simple lifestyle, identifiable by their distinct brown robes with large hoods.

Ursulines

A Roman Catholic religious order founded at Brescia, Italy, by St. Angela Merici in 1535, primarily focused on the education of young girls.

Council of Trent

A series of Catholic Church councils held between 1545 and 1563 in response to the Protestant Reformation, leading to significant church reforms.