Which of the Following Statements Are Positive? 1

question 44

Multiple Choice

Which of the following statements are positive? 1.The federal government should increase production of biofuels.
2.Air travel has increased since September 11.
3.The greatest number of accidents are caused by drunk drivers.
4.We ought to have a cure for cancer.

• A)Statements 1 and 4 are positive.
• B)Statements 2 and 3 are positive.
• C)Statements 1 and 2 are positive.
• D)Statements 3 and 4 are positive.
• E)Statements 2 and 4 are positive.

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Definitions:

Laffer Curve

A theoretical representation of the relationship between tax rates and tax revenue, suggesting that lower tax rates can lead to higher revenues under certain conditions.

Tax Rates

The percentage at which an individual or corporation is taxed, which can vary depending on the type of tax and jurisdiction.

Tax Revenue

Government income generated from taxes levied on individuals and businesses.

Economic Instability

A situation where there is a high degree of unpredictability or fluctuation in the economic performance of a country, often characterized by high inflation, unemployment, and erratic growth.