Positive Economic Statements

question 114

Multiple Choice

Positive economic statements

• A) prescribe what should be.
• B) are related only to microeconomics.
• C) can be tested against the facts.
• D) cannot be tested against the facts.

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Definitions:

Stratification System

The structured ranking of individuals and groups in any society based on wealth, power, and status.

Immigration

The action of coming to live permanently in a foreign country.

Economic Control

The regulation and manipulation of the economic activities and institutions by entities such as governments or large corporations, often to maintain power or achieve specific economic objectives.

Political Control

The mechanisms, processes, and strategies through which a government or political entity maintains its influence and authority over its jurisdiction.