Which of the Following Is an Example of a Positive,as

question 405

Multiple Choice

Which of the following is an example of a positive,as opposed to normative,statement?

• A) Income tax rates should not have been cut as they were a few years ago.
• B) The quantity of money has grown too slowly in recent years.
• C) When the quantity of money grows rapidly, inflation is a predictable consequence.
• D) All of the above are positive statements.

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Definitions:

Mutual Funds

Investment vehicles made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Gross Earnings

The total income earned by an individual or company before any deductions or taxes are taken out.

Provincial Utility

A utility company or service, like electricity or water, that is operated at the provincial or state level rather than locally or nationally.

Biweekly

Occurring every two weeks.