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:

General Electric

A multinational conglomerate corporation specializing in sectors such as energy, healthcare, digital industry, and aviation.

Low-Cost Information Technology

Information technology solutions that are affordable and provide cost-effective means for businesses and individuals to operate.

Social Media

Refers to platforms and websites where users can create and share content or participate in social networking.

Crowdsourcing

The practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, especially from an online community.