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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 option 'D'. Can you explain this answer?
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Which of the following is a normative statement?a)Planned economies al...
Normative Statement: "Reducing inequality should be a major priority for mixed economies."
Explanation:
A normative statement is a statement that expresses a value judgment about whether a situation is desirable or undesirable. It is a subjective statement that cannot be tested or proven true or false. It is based on opinions, beliefs, and values.
In this case, option D is a normative statement because it expresses a value judgment about reducing inequality. It is a subjective statement that cannot be tested or proven true or false. It is based on the opinion that reducing inequality should be a major priority for mixed economies.
Reducing inequality is a desirable goal for many people and policymakers because it is believed to lead to a more just and fair society. It is also believed to have positive economic effects, such as increasing social mobility, reducing poverty, and promoting long-term economic growth.
However, there are different opinions about how to reduce inequality and whether it should be a major priority for mixed economies. Some people believe that reducing inequality should be a top priority, while others believe that other goals, such as economic growth or individual freedom, should be given more importance.
In conclusion, a normative statement is a subjective statement that expresses a value judgment about whether a situation is desirable or not. Option D is a normative statement because it expresses a value judgment about reducing inequality. It is based on opinions, beliefs, and values, and there are different opinions about whether reducing inequality should be a major priority for mixed economies.
Explanation:
A normative statement is a statement that expresses a value judgment about whether a situation is desirable or undesirable. It is a subjective statement that cannot be tested or proven true or false. It is based on opinions, beliefs, and values.
In this case, option D is a normative statement because it expresses a value judgment about reducing inequality. It is a subjective statement that cannot be tested or proven true or false. It is based on the opinion that reducing inequality should be a major priority for mixed economies.
Reducing inequality is a desirable goal for many people and policymakers because it is believed to lead to a more just and fair society. It is also believed to have positive economic effects, such as increasing social mobility, reducing poverty, and promoting long-term economic growth.
However, there are different opinions about how to reduce inequality and whether it should be a major priority for mixed economies. Some people believe that reducing inequality should be a top priority, while others believe that other goals, such as economic growth or individual freedom, should be given more importance.
In conclusion, a normative statement is a subjective statement that expresses a value judgment about whether a situation is desirable or not. Option D is a normative statement because it expresses a value judgment about reducing inequality. It is based on opinions, beliefs, and values, and there are different opinions about whether reducing inequality should be a major priority for mixed economies.
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Which of the following is a normative statement?a)Planned economies al...
when other options tells the fact option d gives judgement so option d is the normative statement
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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 option '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 option '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 option '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 option '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 option '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 option '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 option 'D'. Can you explain this answer?.
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