Say that an economic model concludes that "government raising payroll takes is a measure that can maintain current Social Security benefit levels for every retiree." This conclusion is:
A) a normative statement because there is disagreement over whether Social Security benefits should be maintained.
B) a positive statement because raising payroll taxes is one way to maintain Social Security benefits.
C) a statement in the art of economics because it is about policy.
D) false because there is no payroll tax rate high enough to maintain current benefits.
Correct Answer:
Verified
Q89: Which of the following is not an
Q92: Who probably would argue that you need
Q93: Macroeconomics is:
A) the study of individual choice
Q94: The invisible hand theorem relates mostly to:
A)
Q95: The study of individual choice is a
Q97: Who would probably argue that you need
Q108: Normative economics seeks to:
A) determine the most
Q111: Positive economics seeks to:
A) determine the most
Q118: Which of the following statements about urban
Q120: The statement "government should provide affordable health
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