The Statement That "Increases in the Tax on Gasoline Increase

question 154

Multiple Choice

The statement that "increases in the tax on gasoline increase the price of gasoline" is an example of a

• A) normative statement.
• B) positive statement.
• C) macroeconomic statement.
• D) rational-decision statement.
• E) marginal statement.

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Definitions:

Plus Or Minus Signs

Symbols used to indicate the precision of an approximate number, or to show the range of possible values around a given value.

X-axis

The horizontal axis in a graph or chart, commonly used to represent the independent variable's range of values.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most values cluster around a central mean.

Z Score

A measure of how many standard deviations an element is from the mean.