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

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