Which of the Following Is an Example of a Normative

question 116

Multiple Choice

Which of the following is an example of a normative history-graded influence on development?

• A) retirement
• B) career change
• C) economic depression
• D) unemployment

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Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Opportunity Cost

The economic impact of dismissing the next prime alternative while reaching a decision.

Scarce Resources

Limited supplies of inputs necessary for production, leading to trade-offs and choices in their allocation.

Capital

Assets or money possessed by an individual or organization, which can be used for initiating a business or investment purposes.