Question

Which of the following is a normative economic statement? O A. The federal government is considering raising the gasoline tax to promote the use of public transportation. O B. Rising global demand for diesel and heating oil has led to increases in the price of crude oil. O C. Fashion designers should be allowed to copyright designs to promote innovation. D. With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased Click to select your answer. O Type here to search ins id PrtScn End F6 FT F8 F9 F10

Answer 1

Ans) the correct option is C. Fashion designers should be allowed to copyright designs to promote innovation.

Normative economic statement suggests what is desirable or undesirable. It expresses the value judgement and what the world should or should not do.