Which Is a Positive Economic Statement

question 182

Multiple Choice

Which is a positive economic statement?

• A) Shortages in the kidney trade are a necessary phenomenon.
• B) Animal rights activists are to blame for the high prices of real furs.
• C) We should encourage the importation of kidneys from the less-developed countries.
• D) A government-imposed price of zero for kidneys helps create a black market in kidneys.

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Definitions:

Investment

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Compounded Annually

Interest on an investment or loan calculated once a year, where the interest is added to the principal.

9-Year

An undefined term likely referring to a period or duration of nine years.

Compounded Quarterly

This refers to the process where interest is calculated and added to the principal sum of an investment or loan on a quarterly basis.