Which of the Following Is a Positive Statement

question 272

Multiple Choice

Which of the following is a positive statement?

• A)Given their negative impact on productivity,the government should eliminate labour unions.
• B)Taxes should be lower because then people get to keep more of what they earn,so they will work more.
• C)My economics class should last for two terms because it is my favourite class.
• D)The class average on this test should be more than 80 per cent.
• E)A 10 per cent increase in income leads to a 4 per cent increase in the consumption of beef.

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Definitions:

Harvest

The process of gathering mature crops from the fields.

Grain

Small, hard seeds, especially the seeds of various food plants such as wheat, corn, rye, oats, and barley.

Real Interest Rate

The real interest rate adjusts the nominal interest rate to remove the effects of inflation, reflecting the true cost of borrowing or the real yield on savings.

Future Consumption

Refers to the use or purchase of goods and services at a future date, an important concept in economics related to saving and investment decisions.