Which Of The Following Statements Is A Positive Economic Statement
Which Of The Following Statements Is A Positive Economic Statement. 1188 students attemted this question. Positive economic analysis reaches conclusions based on verifiable statements.
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A) consumer spending generates more jobs. A) the standard of living in the united states should be higher. A) the behavior of individual consumers b) unemployment and interest rates c) the behavior of individual firms and investors d) b and c e) a and c 2) economics is about the allocation of scarce resources.
The Government Should Take Reasonable Steps To Control Rising Prices.
A) the behavior of individual consumers b) unemployment and interest rates c) the behavior of individual firms and investors d) b and c e) a and c 2) economics is about the allocation of scarce resources. A) the congress should pass the president's tax package. The number of families living in poverty in the united states is too high c.
If You Drop A Ball From The Top Of A Building, It Will Fall To The Ground.
A positive statement is one that states. Positive economic analysis reaches conclusions based on verifiable statements. Notice that the correct response merely stated what would happen if minimum wage went up and made no statement about whether that was good or bad.
A) Consumer Spending Generates More Jobs.
Normative statements are statements which cannot by supported or refuted as they are value judgements, i.e. Which of the following is a positive economic statement? All of the following are positive statement except.
Which Of The Following Is A Positive Economic Statement A.
Higher interest rates will encourage more savings. Public should devote more resources to education. One in every five children in the united states is living in poverty
Higher Interest Rate Will Encourage More Saving Explanation:
D) government intervention in markets is common in many countries. This is an example of a negative incentive for students to attend class. B) tax rebates always give too much favor to rich people.
