Whether to Have More or Less Government Involvement in the Overall

question 56

Multiple Choice

Whether to have more or less government involvement in the overall economy:

• A)is essentially a normative issue.
• B)is essentially a political issue,and therefore the techniques of economic analysis are not applicable.
• C)is essentially a positive issue.
• D)could be either a positive or a normative issue.
• E)is essentially a matter of personal opinion.

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Definitions:

Largest Source

Refers to the main or biggest origin of something, such as the largest source of revenue for a business or the largest source of pollution in an area.

Sales Tax

A tax levied on the cost (at retail) of a broad group of products.

Basic Source

Refers to the primary or fundamental origins of information or data used in research and analysis.

Property Tax

A tax on the value of property (capital, land, stocks and bonds, and other assets) owned by firms and households.