Which of the Following Is a Positive Economic Statement

question 8

Multiple Choice

Which of the following is a positive economic statement?

• A) reducing unemployment should be the highest priority of the federal government.
• B) a reduction in the payroll tax will reduce the unemployment rate.
• C) corporations should be prohibited from laying off workers during a recession.
• D) the current unemployment rate is too high.

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Definitions:

Capabilities

The qualities, skills, and capacities that enable individuals or organizations to effectively perform or achieve tasks and objectives.

Geographic-Based Pay

A compensation strategy that adjusts an employee's pay based on the cost of living and market wage rates in the geographic location where they work.

Market Pricing

The process of determining the external value of jobs within an organization by comparing the organization's jobs to similar jobs in the external labor market.

Small Firms

Businesses or enterprises with a small number of employees, potentially offering more personalized services and having less market influence than larger companies.