Which of the Following Is a Positive Statement

question 51

Multiple Choice

Which of the following is a positive statement?

• A) An unemployment rate of 9 percent is a national disgrace.
• B) Unemployment is a more important problem than inflation.
• C) When the national unemployment rate is 9 percent, the unemployment rate for inner-city youth is often close to 40 percent.
• D) Unemployment and inflation are equally important problems.

---

Definitions:

Accounting Equation

The foundational principle in accounting that states assets equal liabilities plus equity.

Note Receivable

A financial asset representing a promise to receive a specific amount of money, sometimes with interest, from another party on a future date.

Dishonored

A term used to describe a cheque or negotiable instrument that a bank refuses to pay or accept due to insufficient funds or other reasons.

Accounting Equation

A fundamental principle in finance that states assets equal liabilities plus equity.