Which of the Following Is an Example of a Positive

question 181

Multiple Choice

Which of the following is an example of a positive statement?

• A) Lower interest rates should lead to decreased savings.
• B) If the minimum wage increases, the world will be a better place.
• C) Inflation is more harmful to the economy than unemployment.
• D) The benefits to the economy of improved equity are greater than the costs of reduced efficiency.

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Definitions:

Interval Data

A type of data where the order of the data points is significant and the distance between them is equal and meaningful; however, it does not have a true zero point.

Nominal Data

Data classified into categories that cannot be ordered or ranked in a meaningful way, such as gender, race, or color.

Ratio

A numerical relationship between two quantities showing how many times one value contains or is contained by the other.

Ordered

Arranged in a logical or sequential manner, often according to size, importance, or chronological occurrence.