The Statement That ________ Is a Positive Statement

question 338

Multiple Choice

The statement that ________ is a positive statement.

• A) more students should study economics
• B) the price of gasoline is too high
• C) too many people in the United States have no health care insurance
• D) the price of sugar in the United States is higher than the price in Australia

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Definitions:

Streamed Movies

Films delivered over the internet in real-time, without the need to download the entire file before viewing.

Optimal Consumption Bundle

The combination of goods and services that maximizes a consumer's utility given their budget constraint.

Indifference Curve

A graphical representation showing different combinations of two goods that give a consumer equal satisfaction and utility, illustrating their preferences.

Budget Line

A graphical representation of all possible combinations of two goods that an individual can afford given the prices of the goods and the consumer's income.