Which of the Following Is a Positive Question

question 36

Multiple Choice

Which of the following is a positive question?

• A) Is society better off if we restrict trade with other countries?
• B) Should we increase taxes on the rich or the middle class?
• C) Will an increase in the minimum wage cause more unemployment for teenagers?
• D) Should the government provide health care?

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Definitions:

Total Revenue

The overall revenue generated by a business through the sale of goods and offering of services within a set time period.

Purely Competitive Firm

A firm that operates in a market where there are many buyers and sellers, all products are identical, and there are no barriers to new firms entering the market.

Vertical Axis

The “up-down” or “north-south” measurement line on a graph or grid.

Marginal Revenue

The financial gain from disposing of one extra unit of a product or service.