Consider the following statements. Which, if any, are positive statements? I. Main Street needs more coffee shops.
II) A new parking garage on campus will reduce parking congestion.
III) Last winter, the state should have spent more money on snow removal.
A) I
B) I and II
C) II only
D) I, II, and III
Correct Answer:
Verified
Q226: The main focus of efficiency is for
A)
Q227: Which scenario does NOT fall under the
Q228: Production efficiency reflects
A) how often economists make
Q229: Economists understand that people respond to
A) laws.
B)
Q230: Economists generally do NOT define an institution
Q232: The basic idea of opportunity cost is
Q233: In the equation C = a +
Q234: When economists assume people make rational decisions,
Q235: Macroeconomics focuses on
A) decisions made by individuals.
B)
Q236: Which statement about economics is CORRECT?
A) Economists
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