Which of the Following Is a Normative Economic Statement

question 3

Multiple Choice

Which of the following is a normative economic statement?

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

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Definitions:

Dominant Creatures

Referring to the species that exert the most influence over their environment or ecosystem, often due to their population size, biomass, or ecological role.

Diagnostic Features

Characteristics or attributes that help in the identification or diagnosis of conditions, diseases, or differentiating among various options.

Ancient Tree Sap

Fossilized resin from prehistoric trees, often preserved and sometimes containing inclusions of insects or plants; famously known as amber.

Coral

Marine invertebrates in the class Anthozoa that typically live in compact colonies and are major contributors to the structure of reefs.