When Al Makes the Statement, "The Cost of Living Has

question 470

Multiple Choice

When Al makes the statement, "The cost of living has increased 10 percent over the past 10 years," he is

• A) making a normative statement.
• B) making a positive statement.
• C) testing an economic model.
• D) facing the standard of living tradeoff.

---

Definitions:

Distractibility

The quality of being easily drawn away from the task at hand or having one's focus easily shifted from the desired object of attention.

Wisdom

The quality of having experience, knowledge, and good judgment; the ability to apply perceptions, judgements and actions in keeping with this understanding.

Life Expectancy

The average period that a person may expect to live.

Gender Differences

The distinctions, whether real or perceived, between individuals based on their gender, affecting aspects such as behavior, thought processes, and societal roles.