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.

---

Definitions:

Incorporating Quotations

The act of embedding excerpts from other sources into one's own writing or speeches to support a point or argument.

Business Proposals

Detailed documents offering a specific product or service to a potential buyer or client.

Indented Quotations

Quoted texts that are set off from the main body of text by indentation, used to highlight or emphasize them in a document.

Types of Reports

Different categories of formal written documents intended to provide information, analysis, or recommendations on various subjects.