Which of the Following Represents a Normative Statement

question 120

Multiple Choice

Which of the following represents a normative statement?

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

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Definitions:

Standard Error

A measure of the dispersion or variability of a sample statistic, such as the mean, from the population mean, often used to indicate precision.

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly the mean, reflecting the variability of an estimate from sample to sample.

Estimate

An approximate calculation or judgment of the value, number, quantity, or extent of something.

Coefficient of Determination

A statistical measure, often denoted as R², that represents the proportion of the variance in the dependent variable that is predictable from the independent variable(s).