Which of the Following Is a Positive Economic Statement

question 196

Multiple Choice

Which of the following is a positive economic statement?

• A)The standard of living in the United States should be higher.
• B)If the price of iPhones falls, a larger quantity of iPhones will be purchased.
• C)The government should revamp the health care system.
• D)The U.S. government should not have bailed out U.S. auto manufacturers.

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Definitions:

Sales Narrative

A compelling story or explanation designed to sell a product or service, highlighting its benefits and aligning with the customer's needs.

Mutual Fund

An investment vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

Joint Probability

The probability of two or more events happening at the same time.

Equity Loan

A type of loan in which the borrower uses the equity of their home as collateral.