Which Would BEST Represent a Positive Statement

question 284

Multiple Choice

Which would BEST represent a positive statement?

• A) Congress should use income taxes to fund Social Security.
• B) Dreamers should become legal citizens.
• C) Eligibility for Supplemental Nutrition Assistance Program benefits ought to be restricted to those at or below the poverty line.
• D) Taxes on sugary drinks cause people to drink less of them.

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Definitions:

Cross Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good.

Perfectly Inelastic

A situation in demand or supply in which the quantity demanded or supplied does not change regardless of changes in price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price.

Income Elasticity

A measure of how much the demand for a product or service changes relative to a change in consumers' income.