Positive Economics

question 144

Multiple Choice

Positive economics

• A) always gives an optimistic spin to economic news.
• B) is concerned with the economic policies that should be implemented.
• C) is objective.
• D) was not used by nineteenth century economists.

---

Definitions:

Bond Price Index

An index that measures the price changes of a specific set of bonds, reflecting overall movements in the bond market.

Pretax Rate of Return

The rate of return on an investment before taxes have been considered or deducted.

After-Tax Return

The net profit or loss of an investment after all taxes have been deducted.

Tax Bracket

A range of incomes taxed at a given rate by the government to implement a progressive tax system, where the rate increases as the taxable amount increases.