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:

Mean

The average of a set of numbers, calculated by summing all numbers in the set and then dividing by the count of numbers.

Standard Normal

A special case of the normal distribution with a mean of zero and a standard deviation of one.

Random Variable

A random variable is a variable whose values depend on outcomes of a random phenomenon, used in probability and statistics to model real-world processes.

Negative Value

A numerical value less than zero, indicating a deficit or loss in a particular context.