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.

---

Definitions:

Hull

An American psychologist who developed the drive-reduction theory, emphasizing the role of biological needs in motivation and behavior.

Stimulus-Response

The basic concept that a specific stimulus will elicit a specific, predictable response in an organism.

Associative

Relating to or involving connections between ideas, feelings, memories, or experiences.

Motivate Behavior

The process of encouraging or driving an individual to perform actions or engage in activities.