Which of the Following Is a Positive Statement

question 33

Multiple Choice

Which of the following is a positive statement?

• A) Intermediate microeconomics should be required of all economics majors in order to build a solid foundation in economic theory.
• B) The minimum wage should not be increased because this action would increase unemployment.
• C) Smoking should be restricted on all airline flights.
• D) All automobile passengers should be required to wear seatbelts in order to protect them against injury.
• E) none of the above

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Definitions:

Variable Cost

Outlays that shift in alignment with the quantity of output generated.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument back to their present value, thus reflecting the cost of capital.

Initial Cost

The upfront expense incurred to purchase an asset or start a project, including all relevant expenses.

Cash Inflows

Money coming into a business, typically from operations, financing, or investing activities; crucial for maintaining liquidity.