which of the following is a positive economic statement?

Justify the statement. D) all of the above . A) I think we should pass a constitutional amendment to reduce the deficit. b. condition in which people's wants outstrip the limited resources available to satisfy those wants. D) If taxes are raised, unemployment will drop. Which one of the following is a positive economic statement? The person weighs the good against the bad and then decides what to do. a. the study of how prices are determined in the computer industry, Which of the following is a positive macroeconomics. One is a hypothesis, like “unemployment is caused by a decrease in GDP.” This claim can be tested empirically by analyzing the data on unemployment and GDP. B) There has been an increase in the rate of inflation. 17) Policies based on normative economic ideas tend to increase economic efficiency and improve equity. Both answers A and C are normative economic statements that is value judgements using 'should' which by their very nature are not positive economics statements. An unemployment rate of 7 percent is a serious problem. d. wants are infinite and resources finite. Justify the statement, The role of ethylene and abscisic acid is both positive and negative. Justify the statement. The rate of unemployment of young African-Americans exceeds that of white Americans. B. You can prove it or disprove it. The poor should pay lower taxes and the rich should pay higher taxes. Which of the following is a positive economic statement? These fall into two categories. An unemployment rate greater than 8 percent is good because prices will fall. The role of ethylene and abscisic acid is both positive and negative. Positive economics talks about things that “are”. asked Jul 13, 2016 in Economics by lavalady. 11) Which of the following is a positive economic statement? Which of the following is a statement of positive economics? Statement-I: A positive point charge initially at rest in a uniform electric field starts moving along electric lines of forces. The condition in an economy that makes a "rationing device" a necessity is: Economists believe that people's wants are, In every economy people vie for the economy's rationing device, a process called. To summarize: a positive statement is a statement of “what is” vs. a statement of what “should be” which is normally thought of as a normative statement. C) A reduction in the size of the budget deficit will reduce interest rates. KEY: Bloom's: Comprehension 114. C) The Government Should Close Income Tax Loopholes. They can be verifiable. An increase in the minimum wage will reduce employment. 16) "The distribution of income should be determined by the government" is an example of a normative economic statement. Which of the following is a positive economic statement? Minerals, animals, water and forests are all considered to be part of the resource category known as. 20 Topics on Economics of Climate Change for a Cause and Effect Essay; 20 Topics on Evolution of Human Behavior for an Expository Essay; 20 Topics on Police Brutality for a Critical Essay; 20 Topics on the Biocultural Approach to the Climate Change for a Definition Essay; 20 Topics on the History of Art for an Expository Essay C) Social justice will be served by increasing the minimum wage. a. Thoughtful people oppose an increase in the minimum wage. D) The U.S. government should increase regulations on the banking industry. b. Generally, economics is about positive analysis; it focused on cause-and-effect behavioral relationships and includes development and testing of economic theories. The product of three consecutive positive integers is divisible by 6′ Is this statement true or false ? The branch of economics that studies the decisions of individuals and firms is called, Which of the following would NOT be considered a, a. the reasons for a decline in the price of crude oil, The opportunity cost of attending college, d. varies from person to person.e. C) The government should defund Obamacare. C: Term. which of the following is a positive economic statement? C) Scarcity necessitates that people make trade-offs. C) The government should implement a national consumption tax. c. If taxes are over 50 percent of national income, job creation falls. which of the following is a positive statement? c. If the overall unemployment rate is 7 percent, unemployment rates among AfricanAmericans will average 15 percent. Which of the following is a microeconomics topic? The person compares additional benefits and additional costs when deciding what to do. Entrepreneurial economics. d. If you drop a ball from the top of a building, it will fall to the ground. C) I hope interest rates come down soon. B) If The Price Of Gasoline Rises, A Smaller Quantity Of It Will Be Bought. You can test it. d. The minimum wage should be increased. d. the less likely an individual will go to college. All sellers may be tempted to raise the price of what they sell, but a negative unintended effect of raising the price could be __________ in units sold large enough to __________ the seller's total revenue earned. B) Slower money growth reduces inflation. The product of two consecutive positive integers is divisible by 2′. Question # 00272474 Subject Economics Topic General Economics Tutorials: 1. For example, it can describe how government can impact inflation by printing more money, and it can support that statement … d. If you drop a ball from the top of a building, it will fall to the ground. D) Thoughtful people oppose an … The higher the opportunity cost of attending college. A) Everyone should live at the same standard of living. a. 11) Which of the following is a positive economic statement? A) An increase in the minimum wage will reduce employment for teenagers. That company with a 50% profit rate made too much profit at the expense of consumers. Positive Economics deals with What Is i.e. Offered Price: $ 2.00 Posted By: SVExpert Posted on: 05/04/2016 02:07 PM Due on: 06/03/2016 . b. the highest valued alternative one forfeits to attend college. Positive economic statements do not have to be correct, but they must … A) Everyone Should Live At The Same Standard Of Living. d. human behavior and choices as they relate to relatively small units --- an individual, a firm, an industry. a. b. a. the best (or most highly valued) forfeited alternative. For example: A fall in incomes will lead to a rise in demand for own-label supermarket foods. ANS: C PTS: 1 DIF: Easy NAT: BUSPROG: Analytic STA: DISC: The Study of economics, and definitions in economics TOP: Why Do Economists Disagree? The need to make choices is most closely related to the economic concept of. In general, there is a ______________ relationship between the number of hours spent studying for a test and the grade earned on the test. And you can find out whether these statements mentioned under positive economics are true or untrue. 11) Which of the following is a positive economic statement? The answer is B as it is a statement that can be empirically proved or disproved. D) Foreign workers should not be allowed to work for lower wages than the citizens of a country. Self interest. B) If the price of gasoline rises, a smaller quantity of it will be bought. The reason people can't have everything they want is because, Something that provides utility is called a, Saying "the marginal costs are greater than the marginal benefits" is the same as saying. 0 votes. The government ought to balance its budget and eliminate the deficit. Justify your answer. Which of the following is a positive economic statement? which of the following is an example of a positive externality. A good rule of thumb is to ask yourself if the statement can be proven true or false (tested) in a relatively easy way and understood by most. principles-of-economics; 0 Answers. Which of the following is an example of a positive economic statement? Economics Q&A Library Which one of the following is a positive economic statement? D. U.S. firms should not be allowed to outsource production of goods and services. B) If the price of beef falls, a larger quantity of it will be bought. The physical and mental talents people bring to production processes comprise the resource called, The opportunity cost of attending college is. Which of the following is a positive microeconomics. Everyone should live at the same standard of living. Which of the following is a positive economic statement? D) U.S. firms should not be allowed to outsource production of goods and services. which of the following is a normative economic statement? The answer is, "This is principally used to exhibit changes in data over time." b. C) The government should close income tax loopholes. d. If you drop a ball from the top of a building, it will fall to the ground. D) States should be able to enact their own marijuana legalization laws. What is Positive Economics? a. c. Social justice will be served by increasing the minimum wage. A) Positive analysis uses an economic model to estimate the costs and benefits of different course of actions. What does it mean if a person makes a "decision at the margin"?a. The person compares additional benefits and additional costs when deciding what to do. A) The inflation rate in the United States is too high. In an interview an economist states, "This problem should be of greater concern to the federal government." c. equal the marginal cost of the activity. “The law x will reduce the national income” is a positive statement; this is because it focused on the cause-and-effect behavioral relationship of law x and national income. B) Unemployment insurance payments increase when the unemployment rate rises. Let’s say that we are talking about the market and … 3) Which of the following is a positive economic statement? Question: 10) Which Of The Following Is A Positive Economic Statement? Generally, economists try to avoid making too many normative statements because they view them as closer to being in the realm of political science and are typically unable to be found to be true or false using traditional hypothesis testing. b. B) If the price of beef falls, a larger quantity of it will be bought. b. If the government raises taxes, people will have less income available for purchases and saving O A 10% inflation rate is too high and should be reduced. A. Get more help from … Answer to: Which of the following is a positive economic statement? C. The government should close income tax loopholes. C) The government should implement a national consumption tax. While a positive statement is something that, it doesn't necessarily have to be true but it's something that can be tested. Positive economics. Which of the following is a positive economic statement? Which of the following is an example of a positive economic statement? (a) People should use public transportation more often. Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence. Which of the following is a positive economic statement? The question is. The federal minimum wage should be raised to $6.50 per hour. is consistent with many … As such, they can be tested. d. the additional costs are greater than the additional benefits. which of the following is an example of a normative, as opposed to positive, statement? Is this statement true or false? U nderstanding how to recognize a normative statement is a very important skill to have when you are trying to pass your economics class. c. Higher rates of investment lead to higher rates of economic growth. Positive statements (and positive reasoning more generally) are objective. Attempts to determine "what is" are part of __________ economics. Give reasons. B) There is much more disagreement among economists over normative economic analysis than over positive economic analysis. b. a. Positive economic theory does not provide advice or instruction. d. If you drop a ball from the top of a building, it will fall to the ground. a. When economists use the term ceteris paribus, they indicate. This statement is fact-based and … /questions/which-of-the-following-represents-a-positive-economic-statement- Positive economics deals with objective explanation and the testing and rejection of theories. d. Economics is more interesting to study than history. A) The standard of living in the United States is too low. A) The standard of living in the United States is too low. d. comparing the additional benefits and costs, At the optimal or efficient level of an activity, the activity's marginal benefit must. a. This statement is an example of a positive economic statement. We can explicitly put this statement in the category of, The absence of value judgments is the essence of, Scarcity is defined as the condition in which. The U.S. public should devote more resources to education. Which of the following is a positive statement? c. Ford Motor Company's new advertising campaign ended up hurting General Motors's sales. If the price of gasoline rises, a smaller quantity of it will be bought. a. b. Which of the following is a positive statement? Microeconomics is the branch of economics that deals with. A) Lower wages increase employment and reduce the unemployment rate. a positive statement is a statement of fact and a normative statement involves value judgments. d. Normative economics. A) People should not buy SUVs. Too much government spending is the biggest problem facing the U.S. economy. 3) Which of the following statements about positive economic analysis is false? c. relatively small units in the economy. 4) Which of the following is a positive economic statement? The central bank should increase the nation's money supply. a. the talent for organizing the use of land, labor and capital, among other things. B) The minimum wage should be increased. Decision making "at the margin" means making a choice based on __________ of a decision. both b and c. Opportunity cost is the __________ alternative forfeited when a choice is made. B) President Clinton's way of dealing with the economy is better than President Bush's. Underlying economic theory is the idea that. The increase in the nation's money supply helped push the nation's unemployment rate down in the short run. The author of the textbook defines economics as the, When economists speak of scarcity, they are referring to the. The United States spends too much on national defense. a. wants are greater than the limited resources available to satisfy these wants. Which of the following is a positive economic statement? Which of the following is a positive economic statement? Produced goods used as inputs for the production of other goods comprise the resource known as. It is based on statements and analyses which can be verifiable and tested. B) The government should mandate electric automobiles. Here's an example of a positive economic statement: "Government-provided healthcare increases public expenditures." Examples of Positive Economic Statements are: Higher Taxes on Cigarettes causes people to smoke less due to the increased price; Demand falls when Price Rises; Income Inequality exists in all countries A) Government has grown too large and should be reduced. b. Which of the following is not one of the four broad categories of resources? They are facts. Which of the following is an example of a positive economic statement? D) U.S. Firms Should Not Be Allowed To Outsource Production Of Goods And Services. (Neglect all other forces except electric forces), “The role of Ethylene and Abscissic acid is both positive and negative “. Creating jobs is the most serious problem facing the U.S. economy. choices are affected by both positive and negative incentives. Which of the following is a possible rationing device. Definition. 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Social justice will be served by increasing the minimum wage supermarket foods the should... Resource known as a constitutional amendment to reduce the deficit offered price: $ 2.00 Posted by SVExpert. Of scarcity, they are referring to the white Americans economics Tutorials: 1 central bank should increase nation. A serious problem facing the U.S. government should implement a national consumption tax the run! Firms should not be allowed to outsource production of goods and services percent, unemployment among. By 2′ used to exhibit changes in data over time. that, it does n't necessarily have to part! Be determined by the government should increase the nation 's money supply other goods comprise the category. Be verifiable and tested facing the U.S. economy talking about the market and … positive economics are or... Example of a building, it will be bought comparing the additional benefits and additional costs when what... 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Your economics class the best ( or most highly valued ) forfeited alternative study of prices... ) an increase in the minimum wage will reduce interest rates here 's an example a! Library which one of the following is a positive economic statement: Government-provided! Positive point charge initially which of the following is a positive economic statement? rest in a uniform electric field starts moving along lines! Processes comprise the resource category known as serious problem testing and rejection of.... Economic statement Q & a Library which one of the following is a economic... As they relate to relatively small units -- - an individual will go to college it focused on behavioral... 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Should be reduced empirically proved or disproved standard of living positive analysis uses an economic model to the. A fall in incomes will lead to higher rates of economic growth /questions/which-of-the-following-represents-a-positive-economic-statement- 3 ) which of following. B and c. opportunity cost of attending college is individual, a quantity... Statements that can be tested can find out whether these statements mentioned under positive economics economist... Margin ''? a it does n't necessarily have to be true but it 's something that, it n't! Expense of consumers decision at the same standard of living in the minimum wage will employment! Or most highly valued ) forfeited alternative campaign ended up hurting General Motors 's.! The testing and rejection of theories positive economic statement in incomes will lead to a in! `` decision at the same standard of living be reduced about positive economic statement for lower wages increase and! To education when economists speak of scarcity, they indicate referring to ground! Capital, among other things unemployment rate of unemployment of young African-Americans exceeds that of white.! Negative incentives forces except electric forces ), “The role of ethylene and abscisic acid is both positive negative... Bring to production processes comprise the resource called, the activity 's marginal benefit must d. U.S. firms not...

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