Which of the Following Is a Normative Economic Statement

question 124

Multiple Choice

Which of the following is a normative economic statement?

• A)Rising global demand for diesel and heating oil has led to increases in the price of crude oil.
• B)With falling home prices and rising mortgage interest rates,the amount of foreclosures has increased.
• C)The federal government is considering raising the gasoline tax to promote the use of public transportation.
• D)Fashion designers should be allowed to copyright designs to promote innovation.

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Definitions:

Fatty Tissue

Biological tissue predominately made of adipocytes (fat cells) that store energy, insulate the body, and protect organs.

Muscle

A tissue in the body composed of fibers capable of contracting to produce movement or maintain the position of parts of the body.

Neurons

Nerve cells; cells found in the nervous system that transmit messages.

Hormones

Chemical messengers produced by glands in the endocrine system that regulate various bodily functions, including growth, metabolism, and mood.