Which of the Following Represents a Normative Statement

question 13

Multiple Choice

Which of the following represents a normative statement?

• A)A decrease in price leads to an increase in quantity demanded.
• B)The study of economics is more important than the study of history.
• C)People will buy less butter at $1.50 per pound than they will at $1.00 per pound
• D)As an economy develops, the nation's birth rate tends to decrease.
• E)As an economy develops, the employment rate in the service sector tends to increase.

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Definitions:

Time Period

A distinct, measurable duration of time, during which events, processes, or conditions occur or develop.

Customs

Customs are traditional and widely accepted ways of behaving or doing something that are specific to a particular society, place, or time.

Values

Fundamental beliefs or standards that individuals or societies hold, which guide and influence behavior and decision-making.

Cultural Output

The collective set of creative, intellectual, and social expressions produced by a culture or society.