Which of the Following Is a Statement of Positive Economics

question 201

Multiple Choice

Which of the following is a statement of positive economics?

• A) Too much government spending is the biggest problem facing the U.S. economy.
• B) Creating jobs is the most serious problem facing the U.S. economy.
• C) Raising taxes provides additional revenue that should be used to finance health care.
• D) If taxes are over 50 percent of national income, job creation falls.

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Definitions:

Destination Contract

A destination contract is an agreement in which the seller is obligated to transport goods to a specific destination, with risk of loss passing upon delivery at the destination.

Anti-Piracy Agreements

Contracts or treaties between entities aimed at preventing unauthorized reproduction or distribution of copyrighted material.

Shipping Concerns

Issues or problems related to the transport of goods, such as delays, damage, or loss during transit.

International Waters

Refers to areas of the ocean outside any nation's territorial jurisdiction, where no state has sovereign rights.