Knight Moreno
06/14/2024 · Primary School
QUESTION 40 Which of the following is a normative economic statement? a. An increase in spending on airport security will reduce the number of hijackings. b. If social security were to be privatized, workers would earn a higher rate of return on their retirement contributions. c. If we doubled the size of welfare payments, we would reduce the number of homeless persons. d. Companies should be concerned with more than just their profits.
Upstudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
A normative economic statement is one that expresses an opinion about what should be. The correct answer is d. Companies should be concerned with more than just their profits.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit