Which Statement Is an Example of Normative Economics

question 73

Multiple Choice

Which statement is an example of normative economics?

• A) Tariffs increase deadweight loss.
• B) Trade increases economic efficiency.
• C) Tariffs should be lower.
• D) Wealth-maximizing countries focus on producing their comparative advantage.

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Definitions:

Personality

A person's unique patterns of thoughts, feelings, and behaviors that persist over time and across situations.

East Asia

A geographical region that includes countries such as China, Japan, Korea, and Taiwan, known for its rich cultural heritage and economic significance.

Psychotherapy

A general term for treating mental health problems by talking with a psychiatrist, psychologist, or other mental health provider.

Sigmund Freud

Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.