Which of the Following Statements Is an Example of Positive

question 178

Multiple Choice

Which of the following statements is an example of positive economic analysis?

• A) The inflation rate is too high.
• B) The government should worry less about inflation and more about unemployment.
• C) If the government increases the rate of growth of the money supply, the inflation rate will increase, ceteris paribus.
• D) The elderly live on a fixed income, so the government has an obligation to keep inflation rates low.

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Definitions:

Information Competency

The ability to find, evaluate, use, and communicate information in various formats effectively.

Intellectual Capital

The intangible value of a company's employee knowledge, business training, and any proprietary information that contributes to the company's competitive advantage.

Knowledge Management

The method of generating, distributing, utilizing, and controlling an organization's knowledge and information to improve its efficiency and competitive edge.

Data

Raw facts and observations.