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Which of the following is a normative statement?
- a)Planned economies allocate resources via government departments.
- b)Most transitional economies have experienced problems of falling output and rising prices over the past decade.
- c)There is a greater degree of consumer sovereignty in market economies than planned economies.
- d)Reducing inequality should be a major priority for mixed economies.
Correct answer is 'D'. Can you explain this answer?
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Which of the following is a normative statement?a)Planned economies al...
Normative statement refers to “What ought to be” or it offers advice, and it is advisable that to reduced inequality, priority is to be given for mixed economies.
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Which of the following is a normative statement?a)Planned economies al...
Normative Statements:
Normative statements are subjective statements that express an opinion or value judgment. They are based on personal beliefs or preferences and cannot be proven or disproven. These statements often contain words like "should," "ought to," or "better."
Analyzing the Options:
a) Planned economies allocate resources via government departments.
This statement is a descriptive statement as it describes how planned economies function. It does not express an opinion or value judgment, so it is not a normative statement.
b) Most transitional economies have experienced problems of falling output and rising prices over the past decade.
This statement is a descriptive statement as it describes the problems experienced by transitional economies. It does not express an opinion or value judgment, so it is not a normative statement.
c) There is a greater degree of consumer sovereignty in market economies than planned economies.
This statement is a descriptive statement as it compares the degree of consumer sovereignty in market economies and planned economies. It does not express an opinion or value judgment, so it is not a normative statement.
d) Reducing inequality should be a major priority for mixed economies.
This statement is a normative statement as it expresses an opinion about what should be a major priority for mixed economies. It contains the word "should," which indicates a value judgment. The statement is subjective and cannot be proven or disproven.
Conclusion:
Option D is the correct answer because it is the only statement that expresses a subjective opinion or value judgment. The other options are descriptive statements that provide information about how things are, rather than how they should be.
Normative statements are subjective statements that express an opinion or value judgment. They are based on personal beliefs or preferences and cannot be proven or disproven. These statements often contain words like "should," "ought to," or "better."
Analyzing the Options:
a) Planned economies allocate resources via government departments.
This statement is a descriptive statement as it describes how planned economies function. It does not express an opinion or value judgment, so it is not a normative statement.
b) Most transitional economies have experienced problems of falling output and rising prices over the past decade.
This statement is a descriptive statement as it describes the problems experienced by transitional economies. It does not express an opinion or value judgment, so it is not a normative statement.
c) There is a greater degree of consumer sovereignty in market economies than planned economies.
This statement is a descriptive statement as it compares the degree of consumer sovereignty in market economies and planned economies. It does not express an opinion or value judgment, so it is not a normative statement.
d) Reducing inequality should be a major priority for mixed economies.
This statement is a normative statement as it expresses an opinion about what should be a major priority for mixed economies. It contains the word "should," which indicates a value judgment. The statement is subjective and cannot be proven or disproven.
Conclusion:
Option D is the correct answer because it is the only statement that expresses a subjective opinion or value judgment. The other options are descriptive statements that provide information about how things are, rather than how they should be.
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Which of the following is a normative statement?a)Planned economies al...
Reducing inequality should be a major priority for mixed economic
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Which of the following is a normative statement?a)Planned economies allocate resources via government departments.b)Most transitional economies have experienced problems of falling output and rising prices over the past decade.c)There is a greater degree of consumer sovereignty in market economies than planned economies.d)Reducing inequality should be a major priority for mixed economies.Correct answer is 'D'. Can you explain this answer?
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Which of the following is a normative statement?a)Planned economies allocate resources via government departments.b)Most transitional economies have experienced problems of falling output and rising prices over the past decade.c)There is a greater degree of consumer sovereignty in market economies than planned economies.d)Reducing inequality should be a major priority for mixed economies.Correct answer is 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is a normative statement?a)Planned economies allocate resources via government departments.b)Most transitional economies have experienced problems of falling output and rising prices over the past decade.c)There is a greater degree of consumer sovereignty in market economies than planned economies.d)Reducing inequality should be a major priority for mixed economies.Correct answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is a normative statement?a)Planned economies allocate resources via government departments.b)Most transitional economies have experienced problems of falling output and rising prices over the past decade.c)There is a greater degree of consumer sovereignty in market economies than planned economies.d)Reducing inequality should be a major priority for mixed economies.Correct answer is 'D'. Can you explain this answer?.
Which of the following is a normative statement?a)Planned economies allocate resources via government departments.b)Most transitional economies have experienced problems of falling output and rising prices over the past decade.c)There is a greater degree of consumer sovereignty in market economies than planned economies.d)Reducing inequality should be a major priority for mixed economies.Correct answer is 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is a normative statement?a)Planned economies allocate resources via government departments.b)Most transitional economies have experienced problems of falling output and rising prices over the past decade.c)There is a greater degree of consumer sovereignty in market economies than planned economies.d)Reducing inequality should be a major priority for mixed economies.Correct answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is a normative statement?a)Planned economies allocate resources via government departments.b)Most transitional economies have experienced problems of falling output and rising prices over the past decade.c)There is a greater degree of consumer sovereignty in market economies than planned economies.d)Reducing inequality should be a major priority for mixed economies.Correct answer is 'D'. Can you explain this answer?.
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