Which of the Following Is a Normative Statement

question 314

Multiple Choice

Which of the following is a normative statement?

• A) The Gross Domestic Product is the dollar value of all goods and services produced in a country in a year.
• B) Fiscal policy is determined by the Congress and the president.
• C) Tax cuts ought to be enacted for the good of the economy.
• D) Monetary policy is determined by the Federal Reserve System.

Recognize the limitations and potential misunderstandings inherent in written vs. face-to-face communication.

Assess the significance of context and listener or reader interpretation in communication.

Apply critical thinking skills to interpret and clarify meaning in communication.

Understand the concept of fair-minded interpretation and its first rule.

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Definitions:

Consequential Damages

Indirect losses or damages that result from a breach of contract, beyond the immediate harm.

Nonconformity

The failure of a product or service to meet specified standards or expectations.

Revoke Acceptance

The act of retracting approval of a contract or agreement, particularly in circumstances where the offered goods or services are found to be substantially non-conforming.

Assurances

Promises or declarations intended to give confidence or certainty about certain outcomes or behaviors.