Which of the Following Is a Positive Statement

question 642

Multiple Choice

Which of the following is a positive statement?

• A) The government ought to provide health care to everyone.
• B) Corporations should be more socially responsible.
• C) The distribution of income is fair.
• D) People buy more of a good or service when its price falls.

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Definitions:

Source of Profit

The origin from which a business or economic activity generates earnings, often through the production of goods, provision of services, or investment activities.

Innovation

An idea that eventually takes the form of new, applied technology or a new production process.

Monopoly Power

The ability of a monopoly to dictate the terms of the market, including price and supply of a good or service, due to the lack of competition.

Biblical Prophets

Religious figures in the Bible who were said to have been called by God to deliver messages and guidance to people.