Which of the Following Statements Is in the Realm of Positive

question 65

Multiple Choice

Which of the following statements is in the realm of positive economics?

• A)The president should propose a tax cut because taxes are too high.
• B)Studies show that if taxes are cut,unemployment falls.
• C)The budget deficit is too high and should be lowered.
• D)Studies show that a national debt of over a trillion dollars is bad for the country and should not be allowed to occur.
• E)The share of defense spending in the budget ought to be changed.

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Definitions:

Irreversibility

A cognitive stage in early childhood development when children cannot understand that certain actions or processes can be undone or reversed to return to their original state.

Concrete Operations

A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events.

Sequence of Events

The order in which related events, movements, or things follow each other in time.

Pivotal

Crucial or critically important, often in the context of events or decisions that have the power to affect outcomes significantly.