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.

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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.

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