Which of the Following Statements Is in the Realm of Positive

question 65

Multiple Choice

Which of the following statements is in the realm of positive economics?

• A)The president should propose a tax cut because taxes are too high.
• B)Studies show that if taxes are cut,unemployment falls.
• C)The budget deficit is too high and should be lowered.
• D)Studies show that a national debt of over a trillion dollars is bad for the country and should not be allowed to occur.
• E)The share of defense spending in the budget ought to be changed.

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Definitions:

Justice

A principle or concept of moral rightness based on ethics, law, fairness, and equity that also seeks punishment for those who breach these ideals.

Utilitarianism

An ethical theory that determines right from wrong by focusing on outcomes and the greatest happiness for the greatest number of people.

Immunization Injections

Procedures involving the introduction of vaccines into the body to induce immunity against specific diseases.

Duty Ethics

An ethical framework that emphasizes the importance of following a set of prescribed moral rules and duties in determining right action.