Which of the Following Is a Positive Economic Statement

question 329

Multiple Choice

Which of the following is a positive economic statement?

• A)We should strive to achieve full employment in the United States.
• B)The President of the United States should promote stable prices in the United States.
• C)If the price of eggs increases, the quantity demanded of bacon will fall.
• D)We should try to eliminate poverty in the United States.

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Definitions:

Monopoly Capitalism

An economic system where the production and distribution of goods are controlled by a single entity, limiting competition.

Postmodernist Culture

A cultural era or approach characterized by skepticism towards grand narratives and an emphasis on plurality, diversity, and questioning of traditional values.

Postmodern Society

A term used to describe societies characterized by a diverse, media-saturated global culture where traditional norms are questioned, and identities are fluid.

Superficiality

A focus on surface appearances or external aspects rather than deeper, more meaningful qualities or truths.