Which of the Following Is an Example of a Positive

question 74

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 surplus of farm products should be distributed to the needy.

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Definitions:

Confidence

The feeling of self-assurance arising from one's appreciation of one's own abilities or qualities.

Pessimistic Attitude

A mindset characterized by the expectation that negative outcomes will generally prevail over positive ones.

Self-serving Bias

The common habit of a person crediting themselves for positive outcomes or successes but attributing failures to external factors.

Reciprocal Determinism

A concept in social cognitive theory that suggests an individual's behavior is both influenced by and influences their personal factors and the environment.