Which of the Following Is True Regarding This Statement? "The

question 218

Multiple Choice

Which of the following is true regarding this statement? "The president's decision to spend more money on national defense is smart."

• A) This is a normative statement.
• B) The federal government does not face scarcity.
• C) This topic would be studied in microeconomics.
• D) Social interest must always be more important than self-interest.
• E) Ceteris paribus does not apply to the government.

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Definitions:

Networking

The act of building and maintaining professional or social connections to exchange information, resources, and opportunities.

Ethical Principles

Fundamental guidelines or rules that govern ethical behavior and decision-making.

Decision Making

The process of selecting among several alternatives to achieve a desired outcome or solve a problem.

Organizational Rewards

The benefits, both tangible and intangible, that an organization offers to its members for their contributions.