Which of the Following Is an Example of a Normative

question 226

Multiple Choice

Which of the following is an example of a normative economic statement?

• A) Universal access to quality health insurance is the most important domestic policy issue of our time.
• B) Extending the time in which laid-off workers are eligible to receive government unemployment compensation has increased the unemployment rate.
• C) Lowering marginal income tax rates depresses consumer spending.
• D) Prices rise when the government prints too much money.
• E) Interest rates rise when the government runs persistent budget deficits.

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Definitions:

Initial Renewal

A process where an official agreement or registration is extended beyond its original end date.

Every Ten Years

A phrase indicating a recurring period or event that takes place once every decade.

Berne Convention

An international agreement that protects the rights of authors in their literary and artistic works across member countries.

Artistic Rights

The legal rights granted to creators over their artistic works, including the right to control use, reproduction, and distribution, often encompassed under copyright laws.