An Example of a Positive Statement Is

question 18

Multiple Choice

An example of a positive statement is:

• A) The rate of unemployment should be 4 percent.
• B) A high rate of economic growth is good for the country.
• C) an increase in investment spending tends to reduce unemployment.
• D) Everyone in the country needs to be covered by national health insurance.

---

Definitions:

Purely Competitive

An alternative term for pure competition, describing a market structure with a high degree of competition, including many sellers offering identical products and free market entry and exit.

Minimum AVC

The lowest point on the average variable cost curve, indicating the most efficient scale of production with respect to variable costs.

Total Fixed Costs

The sum of all costs required to produce any level of output that remains unchanged, regardless of the level of production or sales.

Valid Generalization

A conclusion drawn from specific instances that is logically sound and supported by evidence.