A Normative Statement Is About

question 195

Multiple Choice

A normative statement is about

• A) what might happen in the future.
• B) what has happened in the past.
• C) what ought to be.
• D) the assumptions of economists.
• E) the predictions of economists.

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Definitions:

Dynamic

Characteristic of processes or systems that are constantly changing or evolving, often requiring adaptive strategies or responses.

Environmental Conditions

The external factors including climate, terrain, and biological factors that influence ecosystems and human activities.

Growth Strategy

A plan of action that outlines how a business intends to expand its operations and customer base, leading to increased revenue.

Merge

The action or process of combining two or more entities into one, often in the context of organizational or business consolidations.