Which of the following is a positive statement?
A) We need to carefully protect our borders.
B) Hyperinflation is the most damaging thing that can occur in an economy.
C) When tax revenues are less than government spending there is a budget deficit.
D) Foreign aid should be reduced to help our budget deficit.
Correct Answer:
Verified
Q303: Normative economic statements
A) are statements of "what
Q305: Positive economics
A) always gives an optimistic spin
Q309: Which one of the following is an
Q310: Which one of the following is an
Q312: A positive economic statement is one that
A)
Q313: Normative economics
A) is never studied at the
Q316: Which one of the following is an
Q317: The President's statement that "to encourage economic
Q319: Which of the following is a positive
Q320: The headline in the local paper today
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents