An Example of a Positive Economic Statement Is, "An Increase

question 46

True/False

An example of a positive economic statement is, "An increase in the price of a product causes consumers to purchase more of that product."

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Definitions:

Legalization

The process of making certain actions or substances permissible and regulated by law, which were previously illegal.

Consensus Crime

A type of crime that is universally agreed upon by society as being wrongful and deserving of punishment.

Consensus Crimes

Offenses that are universally considered to be socially harmful and morally unacceptable, leading to general agreement on their criminalization.

Political Pressure

Actions taken by individuals or groups to influence or persuade government officials and policymakers to enact or change legislation.