Which of the Following Is a Positive Economic Statement

Which one of the following is a positive economic statement. Creating jobs is the most serious problem facing the US.

Business Economics Lecture 1 In 2022 Managerial Economics Microeconomics Study Positive Economics

Determine whether each of the following statements is positive or.

. The minimum wage should be increased. Soap operas should be taken off television. The government should not be involved in the income redistribution schemes.

Which of the following is an example of positive economic statement. Positive economics is subjective. Thoughtful people oppose an increase in the minimum wage.

This is the law of demand. Which of the following is an example of a positive economic statement. B There is much less disagreement among economists over normative economic analysis than over positive economic analysis.

Which of the following is a statement of positive economics. However it is not an opinion. The majority of disagreements in our society on economic matters stem from normative issues.

DGovernment control of rent is an injustice. Heres an example of a positive economic statement. Which of the following is an example of a positive economic statement Group of answer choices.

Normative economics expresses someones opinion. Economics is twice as interesting to study as philosophy. Social justice will be served by increasing the minimum wage.

An increase in investment will lead to a higher rate of economic growth. The tax system should be more progressive so that the after-tax distribution of income can be more equal. Government control of rent is a fair way to help poor people afford housing.

Which of the following is a positive economic statement. People should not buy SUVs. Group of answer choices.

3 Which of the following statements about positive economic analysis is true. Which of the following is a statement of positive economics. Raising taxes provides additional revenue that should be used to.

Which of the following is a positive economic statement. It is not even a judgment of an expert stating about the price and demand. A 5 fall in the unemployment rate will lead to a 2 increase in the inflation rate is an example of a positive economic statement.

If you drop a ball from the top of a building it will fall to the ground. O A 10 inflation rate is too high and should be reduced. Raising the federal minimum wage to 650.

If the government raises taxes people will have less income available for purchases and saving. An increase in the minimum wage will reduce employment. It is not a value-based description of what could be.

Scarcity necessitates that people make trade-offs. The government should mandate electric automobiles. Too much government spending is the biggest problem facing the US.

Government control of rent is a fair way to help poor people afford housing. The after-tax distribution of income is more equal than the pre-tax distribution of income. Foreign workers should not be allowed to work for lower wages than the citizens of a country.

The poor should pay lower taxes and the rich should pay higher taxes. Government control of rent decreases the number of new apartments constructed. Scarcity necessitates that people make trade-offs.

An economic theoryhypothesis is a normative statement. An inverse relationship between two variables indicates a a. The government should mandate electric automobiles.

If taxes are over 50 percent of national income job creation falls. Government control of rent keeps landlords from charging too much rent. Public should devote more resources to education.

Pollution is the most important of all economic problems. Government should not have bailed out US. A The standard of living in the United States should be higher B If the price of iPhones falls a larger quantity of iPhones will be purchased C The government should revamp the health care system D The US.

1 on a question. Economics questions and answers. Which of the following is a positive economic statement.

A Positive analysis uses an economic model to estimate the costs and benefits of different course of actions. Resources are best allocated via the market mechanism. Which of the following is a positive economic statement.

Normative economics deals with what is. O That company with a 50 profit rate made too much profit at the expense of consumers. Which of the following is a positive economic statement.

Government-provided healthcare increases public expenditures This statement is fact-based and has no value judgment attached to it. It is a positive economic statement because demand will rise or fall if prices fall or rise in inverse proportion. Auto manufacturers Correct Answer s.

People should not buy SUVs. Positive economics deals with what ought to be. Government control of rent keeps landlords from charging too much rent.

Which of the following is a positive statement. Which of the following is an example of a positive economic statement. Normative economics on the other hand is analysis that prescribes what an individual or society ought to do.

An increase in interest rates will reduce house prices. Previous question Next question. Government control of rent is an injustice.

Scarcity necessitates that people make trade-offs. When other factors remain constant. Government spending on healthcare should be increased.

People who pay their bills on time are less likely than others to get into debt. Foreign workers should not be allowed to work for lower wages than the citizens of a country. Government control of rent decreases the number of new apartments constructed.

Normative economics tries to refrain from opinions. A 5 fall in the unemployment rate will lead to a 2 increase in the inflation rate is an example of a positive economic statement. 1 Which of the following is a positive economic statement.

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