Which of the Following Events Is the Best Example of a Nonnormative

question 32

Multiple Choice

Which of the following events is the best example of a nonnormative event?

• A) retiring at age 65
• B) experiencing menopause at age 52
• C) having a spouse killed in a car accident at age 48
• D) having wrinkles appear on one's face as one gets older

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Definitions:

Normative

Pertaining to or expressing judgments based on values, standards, or ideals, often concerning what is right or wrong, or what ought to be.

Positive

Refers to statements or assertions that are objective and based on factual evidence, often used in the context of affirming information in sciences and economics.

Microeconomics

The part of economics concerned with (1) decision making by individual units such as a household, a firm, or an industry and (2) individual markets, specific goods and services, and product and resource prices.

Economic Units

Entities such as individuals, households, and firms that make decisions about the allocation of resources and the consumption of goods and services.