Normative Statements Are

question 24

Multiple Choice

Normative statements are:

• A)Normative statements are
• B)descriptive, making claims about how the world is.
• C)optimistic, putting the best possible interpretation on things.
• D)statements that establish the production goals for an economy.
• E)statements that establish the pattern for the distribution of income in an economy.

---

Definitions:

Standard Deviation

A measure of the dispersion or variation in a set of values, indicating how much they deviate from the mean.

Historical Experience

Previous experiences or outcomes that are used as a guide or reference for making future decisions or predictions.

Labour Standards

Regulations and practices that aim to ensure fair treatment, safety, and well-being of workers in the workplace.

Allowances

Financial or other concessions granted to employees, customers, or other stakeholders, typically for specific purposes or as adjustments under certain conditions.