Which of the Following Would Be a Concern of Normative

question 124

Multiple Choice

Which of the following would be a concern of normative economics?

• A) measuring the actual distribution of income in the economy
• B) recommending a change in government policy to make the distribution of income more equitable
• C) determining the impact of higher income taxes on the distribution of income
• D) determining the impact of a lower federal budget deficit on the distribution of income
• E) measuring the change in the nation's income distribution since 1960

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Definitions:

FMCG Company

A company specializing in Fast Moving Consumer Goods, which are products that sell quickly at relatively low cost, such as packaged food, beverages, toiletries, and over-the-counter drugs.

Diversification Strategy

A business growth strategy where a company expands its operations into new markets or product lines to reduce risks and take advantage of new opportunities.

Top Management Team

The group of high-ranking executives who are responsible for determining the strategic direction and policies of an organization.

Turnaround Strategy

Strategic actions taken by a company to reverse a period of decline or poor performance and achieve financial recovery.