Which Is a Normative Economic Statement

question 203

Multiple Choice

Which is a normative economic statement?

• A) Raising the price of new textbooks will lead students to seek more used textbooks.
• B) Raising the price of new textbooks will lead students to buy fewer new textbooks.
• C) Publishers should not raise the price of new textbooks.
• D) The price of new textbooks will rise if transportation costs and costs of paper rise.

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Definitions:

Company Sell

The process or act of transferring ownership of a company through sale to another party.

Multiple Hurdle Approach

A selection process where candidates must pass through several stages or "hurdles" of evaluation before being offered a position.

Owner-Operated Businesses

Enterprises that are controlled and run by their owners, who are also involved in the day-to-day operations and decision-making processes.

Selection Process

The series of steps used by an organization to recruit and choose the most suitable candidates for a job.