Which of the following is an example of a positive statement?
A) Prices rise when the government prints too much money.
B) If welfare payments increase, the world will be a better place.
C) Inflation is more harmful to the economy than unemployment.
D) The benefits to the economy of improved equity are greater than the costs of reduced efficiency.
Correct Answer:
Verified
Q124: What type of statement is "Prices rise
Q125: Figure 2-8 Q126: What does macroeconomics study? Q127: Which of the following is an example Q128: How do economists consider normative statements? Q130: Which of the following would a macroeconomist Q130: What does microeconomics study? Q131: Complete the following statement: When economists are Q132: What does evaluating a positive statement involve? Q134: Which is the best statement about the
A) individual decision makers
B)
A)descriptive, making
A) the behaviour of
A)evaluating
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