Which of the Following Is an Example of a Positive

question 272

Multiple Choice

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

• A)In order to reduce the budget deficit, tax rates should be increased.
• B)In order to increase employment, the minimum wage should be decreased.
• C)If payroll taxes are raised, then the Social Security crisis will be resolved.
• D)If gas prices fall, consumers should purchase more gas.

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Definitions:

Accounts Receivable

Funds due to a company from its clients for products or services rendered but still unpaid.

Ending Cash Balance

The amount of cash available in a company's account at the end of a financial period.

Selling

The process of promoting and transferring goods or services to customers in exchange for payment.

Administrative Expenses

Costs related to the general operation of a business, including salaries of administrative personnel, office supplies, and other non-production-related expenses.