Which of the Following Is a Normative Statement

question 266

Multiple Choice

Which of the following is a normative statement?

• A) An increase in consumer income will lead to increased sales of beef.
• B) A decrease in the rate of unemployment will lead to upward pressure on consumer prices.
• C) An increase in the income tax will cause a greater reduction in savings than an increase in the sales tax.
• D) An economy with high unemployment can be worse off than an economy with high inflation.

Analyze the role of college environments in binge drinking and its effects.

Recognize the impact of alcohol on sexual performance and family dynamics.

Understand the genetic and biological factors contributing to alcoholism.

Identify the socio-economic factors related to alcohol consumption patterns.

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Definitions:

Collinearity

A statistical phenomenon where two or more predictor variables in a multiple regression model are highly correlated, making it difficult to isolate the individual effects of each predictor.

Odds Ratio

The odds that y = 1 given that one of the independent variables increased by one unit (odds1) divided by the odds that y = 1 given no change in the values for the independent variables (odds0); that is, Odds ratio = odds1 / odds0.

Estimated Income

An estimate of the revenue anticipated to be generated during a certain timeframe.

Yearly Income

The total pre-tax earnings received by an individual or household over the course of one year from all sources combined.