Which of the Following Is a Positive Economic Statement

question 1

Multiple Choice

Which of the following is a positive economic statement?

• A) We should raise the minimum wage in order to provide a decent wage for more people.
• B) Consumers bought fewer cars when the relative price of cars increased.
• C) The budget deficit has been rising in recent years.
• D) Federal government spending ought to be curtailed.
• E) b and c

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Definitions:

Reality Principle

A psychoanalytic concept suggesting that the ego seeks to satisfy the id’s desires in realistic and socially appropriate ways, taking into account the external world.

Pleasure Principle

In psychoanalytic theory, the instinctual seeking of pleasure and avoidance of pain to satisfy biological and psychological needs.

Ego

In psychoanalytic theory, the part of the personality that mediates demands between the id, superego, and reality; operates on the reality principle.

Oral Stage

A phase in Freudian psychosexual development where an infant's pleasure centers are in the mouth, leading to behaviors like sucking and biting.