Which of the Following Is a Normative Economic Statement

question 79

Multiple Choice

Which of the following is a normative economic statement?

• A)Rising global demand for coal has led to increases in the price of coal.
• B)With rising mortgage rates and rising unemployment rates, the number of unsold homes has increased.
• C)The state of Texas is considering increasing funds for light-rail development to promote the use of public transportation.
• D)Pharmaceutical manufacturers should not be allowed to patent their products so prescription drugs would be more affordable.

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Definitions:

Figurative Art

Art that represents real-world objects or subjects, not abstract concepts, often emphasizing the human form or other recognizable figures.

Cave Paintings

Prehistoric drawings or paintings found on cave walls, often depicting animals or humans, and considered significant in the study of human history and art.

Fossil Record

The accumulation of all discovered fossils and their placement in rock formations and sedimentary layers, which provides information about past life on Earth.

Early Human Populations

Groups of the earliest Homo sapiens and their predecessors, whose movements, adaptations, and cultural developments shaped human evolution.