A Positive Economic Statement Is

question 59

Multiple Choice

A positive economic statement is:

• A) an opinion of an action that should be taken.
• B) an action that will have a positive effect on the economy.
• C) a statement testable by facts.
• D) a claim that the speaker is positive will occur.
• E) always a microeconomic position.

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Definitions:

Compensating Differential

A difference in wages that arises to compensate employees for unpleasant aspects of a job, such as risk of injury or inconvenient work hours.

Eye Surgeon

A medical doctor specializing in the diagnosis and surgical treatment of disorders and diseases of the eye.

International Trade

The exchange of goods and services between countries, across their international borders.

Relative Demand

It refers to the demand for a good or service compared to another, showing how the demand for one product varies as the demand for another changes.