Which of the Following Is an Example of a Positive

question 25

Essay

Which of the following is an example of a positive statement?
A.The poverty rate is 14%.
B.A high rate of economic growth is good for the country.
C.Everyone in the country needs to save money for retirement.
D.Basketball players should not be paid higher salaries than teachers.

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Definitions:

MP/P

The ratio of marginal product to price, often used to optimize production levels in economic analysis.

Factor Markets

The venues where services of the factors of production, such as labor, capital, and land, are bought and sold.

Profit-Maximizing

The process or strategy of adjusting operations, production, and sales to achieve the highest possible profit.

Combination of L and C

A concept relating to electrical engineering, where L represents inductance and C capacitance, forming a resonant circuit often used in radio frequency applications.