Which of the Following Is a Positive Economic Statement

question 135

Multiple Choice

Which of the following is a positive economic statement?

• A) The federal minimum wage should be raised to $6.50 per hour.
• B) The United States spends too much on anti-terrorism efforts.
• C) An increase in investment will lead to a higher rate of economic growth.
• D) Economics is twice as interesting to study as philosophy.

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Definitions:

Subject-Matter Jurisdiction

The authority of a court to hear cases of a particular type or cases relating to a specific subject matter.

Sum in Controversy

The amount of money at stake in a lawsuit, important for determining the jurisdiction and the applicability of certain court rules.

Trial or Appeal

Legal proceedings where a case is reviewed in court; a trial is the original hearing of a case, while an appeal is a request for a higher court to review a decision.

Mandatory Arbitration

A process stipulated by a contract where parties must resolve their disputes through arbitration rather than through the court system.