Which of the Following Is a Normative Statement

question 226

Multiple Choice

Which of the following is a normative statement?

• A)International trade leads to expanded consumption opportunities.
• B)Higher expenditures on health care will reduce infant mortality rates.
• C)To improve our economic security, we should reduce our dependence on oil imports.
• D)Increased defense spending will lead to higher budget deficits.

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Definitions:

Selection Bias

A statistical bias that occurs when the sample is not representative of the population being studied, leading to skewed and possibly inaccurate outcomes.

Survivor Bias

Survivor bias exists when a sample includes only observations that have remained in the sample over time making that sample unrepresentative of the broader population.

Selection Bias

A systematic error made in choosing individuals or groups to participate in a study, leading to non-random sampling.

Economic Research

The systematic study of the economy or economic phenomena, involving the collection and analysis of data to enhance understanding of economic processes.