Which of the Following Is Most Closely Associated with Positive

question 152

Multiple Choice

Which of the following is most closely associated with positive economics?

• A) determining the impact of government spending on the actual level of total employment
• B) determining the best level of immigration into the country
• C) determining whether too many luxury goods are being produced
• D) determining whether the government should reduce poverty
• E) determining whether the government should alter income taxes in order to increase total employment

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Definitions:

Budgeted Production

The quantity of units that a company plans to produce in a specific period, based on forecasted sales and desired inventory levels.

Finished Goods Inventory

The stock of completed products that have not yet been sold to customers.

Required Production

The amount of production a company needs to meet its sales goals and inventory policies, often calculated based on forecasted sales plus target ending inventory minus beginning inventory.

Manufacturing Corporation

A manufacturing corporation is a company engaged in the industrial production of goods and products.