Which of the Following Is a Statement of Positive Economics

question 201

Multiple Choice

Which of the following is a statement of positive economics?

• A) Too much government spending is the biggest problem facing the U.S. economy.
• B) Creating jobs is the most serious problem facing the U.S. economy.
• C) Raising taxes provides additional revenue that should be used to finance health care.
• D) If taxes are over 50 percent of national income, job creation falls.

---

Definitions:

Proxy

Authorization to represent a corporate shareholder to serve as his or her agent and vote his or her shares in a certain manner.

Greater-Than-Majority Vote

A voting requirement in decision-making processes that necessitates more than 50% of the votes to pass a motion or make a decision.

Unanimous Vote

A voting result where all participants agree on the decision or option presented without any dissent.

Shareholder Proxies

Legal authorizations granted by shareholders for someone else, often a board member, to vote on their behalf at company meetings.