Which of the following is a statement of positive economics?
A) Government should spend more on education.
B) Creating jobs is the most serious problem facing the Australian economy.
C) Raising taxes provides additional revenue to finance health care.
D) If taxes are over 50 per cent of national income, job creation falls.
Correct Answer:
Verified
Q39: Which of the following is a macroeconomics
Q40: Economics is the study of how people:
A)
Q41: An economic model is useful only if
Q42: Ceteris paribus means:
A) allowing everything else changing.
B)
Q43: 'An increase in the federal minimum wage
Q45: Someone notices that sunspot activity is high
Q46: Economists:
A) never use data and tables.
B) never
Q47: If the price of textbooks rises and
Q48: The statement: 'John buys more of good
Q49: An economic theory claims that a rise
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