Which of the following is a positive statement?
A) Taxes should be lower because then people get to keep more of what they earn, so they will work more.
B) My economics class should last for two terms because it is my favorite class.
C) A 10 percent increase in income leads to a 4 percent increase in the consumption of beef.
D) Given their negative impact on productivity, the government should eliminate labor unions.
E) The class average on this test should be more than 80 percent.
Correct Answer:
Verified
Q136: Opportunity cost is best defined as
A) how
Q137: Which of the following statements is a
Q138: Which of the following statements is a
Q139: When people make rational choices,they
A) behave selfishly.
B)
Q140: Which of the following is an example
Q142: Which of the following is NOT a
Q143: The vertical axis in a graph
A) is
Q144: A graph shows the wage rate of
Q145: Which type of graph is most useful
Q146:
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