Which of the Following Is a Statement of Positive Economics

question 191

Multiple Choice

Which of the following is a statement of positive economics?

• A) An increase in tax rates will reduce unemployment.
• B) We should increase pension payments to the elderly.
• C) Teenage unemployment should be reduced.
• D) New tax laws are needed to help the poor.

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Definitions:

Beginning Units

The inventory count at the start of an accounting period.

Production Cost Report

A detailed report that outlines the costs associated with producing goods, including materials, labor, and overhead expenses.

Costs Charged

Expenses allocated to a specific department, project, or product.

Beginning Work

The work-in-process inventory at the start of an accounting period, representing unfinished goods.