Which of the Following Represents a Normative Statement

question 114

Multiple Choice

Which of the following represents a normative statement?

• A)A decrease in price leads to an increase in quantity demanded.
• B)The temperature outside is 90 degrees.
• C)The study of economics is more important than the study of history.
• D)People will buy less butter at $1.50 per pound then they will at $1.00 per pound.
• E)As an economy develops, the nation's birth rate tends to fall.

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Definitions:

Critical Industrial Relations

An analytical approach that examines the power dynamics and conflicts within workplace and labor markets, emphasizing structural inequalities.

Efficiency

a measure of how effectively resources (such as time, money, and labor) are used to achieve a goal or output, often with the aim of minimizing waste and maximizing productivity.

Equity

In finance, refers to the ownership interest in a corporation in the form of common stock or preferred stock; in social justice, refers to fairness and justice in treatment, opportunities, and resources.

Voice

The mechanism by which employees can express concerns, opinions, or grievances in the workplace, leading to constructive dialogue and potential improvements in working conditions, policies, or practices.