Which of the Following Is a Positive Economic Statement

question 196

Multiple Choice

Which of the following is a positive economic statement?

• A)The standard of living in the United States should be higher.
• B)If the price of iPhones falls, a larger quantity of iPhones will be purchased.
• C)The government should revamp the health care system.
• D)The U.S. government should not have bailed out U.S. auto manufacturers.

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Definitions:

Criminal Justice System

A series of government agencies and institutions aimed at managing crime, deterring criminals, and upholding legal statutes.

Elder Abusers

Individuals who inflict harm, either physically, emotionally, or financially, on older adults.

Family Violence

Aggressive or violent behaviors that occur within the context of familial relationships, including physical, emotional, and psychological abuse.

Poverty

A state where an individual or community lacks the financial resources and essentials for a minimum standard of living.