Which of the Following Is an Example of a Positive

question 31

Multiple Choice

Which of the following is an example of a positive economic statement?

• A) The economy's real output increased at about 3 percent last year and the unemployment rate decreased.
• B) A central bank should not print too much money because inflation could result.
• C) Congress should stabilize the social security system by raising taxes now.
• D) The government farm products surplus should be distributed to the needy.

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Definitions:

Accounts Receivable

The money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.

Net Credit Sales

The total value of sales made on credit during a period, minus any sales returns or allowances.

Accounts Receivable

Outstanding payments from clients or customers to a company for delivered goods or services that remain unpaid.