Positive economic statement quizlet
[DOC File]Chapter 01 A Brief Economic History of the United States
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Statement II. The American economic picture was brighter in the 1980s than the 1990s. A. Statement I is true and statement II is false. B. Statement II is true and statement I is false. C. Both statements are true. D. Both statements are false. 124. Statement I. Small farmers can still easily survive thanks to government programs. Statement II.
[DOC File]Chapter 1—What Economics Is About
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86. Which of the following is a positive economic statement? a. We should raise the minimum wage in order to provide a decent wage for more people. b. Consumers bought fewer cars when the relative price of cars increased. c. The budget deficit has been declining in recent years. d. Federal government spending ought to be curtailed. e. b and c
[DOC File]AP ECONOMICS CHAPTER 1 STUDY GUIDE
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C) Clara's statement is normative and Ellie's statement is positive. D) Clara's statement is positive and Ellie's statement is normative. 13. The comment that "the minimum wage should be raised to give working people in this country a fair wage" is an example of: A) a normative economic statement. B) a positive economic statement.
[DOC File]SOLUTIONS TO TEXT PROBLEMS:
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Macroeconomics is the study of economy-wide phenomena, including inflation, unemployment, and economic growth. 2. An example of a positive statement is “higher taxes discourage work effort” (many other answers are possible). That’s a positive statement because it describes the effects of higher taxes, describing the world as it is.
[DOC File]CHAPTER 1
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c. All economic questions, both positive and normative. d. Questions about the choices made by individuals. 5. If the president of Colombia commented that “we should do something to reduce inflation in Colombia,” this would be an example of: a. a normative statement. b. a positive statement. c. a statement that has both positive and ...
[DOC File]Chapter 1 Exam – The Nature of Economics
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18) When a U.S. Senator tells a campaign crowd that “High inflation rates are a much more serious economic problem than high unemployment rates,” it is an example of. A) a normative statement. B) an empirically proven fact. C) a positive statement. D) a microeconomic argument. 19) Select the positive economic statement from the following list.
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