Which of the following is a normative economic statement?   a. If we doubled the size of welfare payments, we would reduce the number of homeless persons.   b. Companies should be concerned with more than just their profits.   c. An increase in spending on airport security will reduce the number of hijackings.   d. If social security were to be privatized, workers would earn a higher rate of return on their retirement contributions

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A: The correct option is C. Normative statements are those which are related to 'what ought to be'.…

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A: "Since you have posted multiple questions.We will solve first question for you.If you want specific…

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