Which Is an Example of a Positive Economic Statement

question 18

Multiple Choice

Which is an example of a positive economic statement?

• A) The minimum wage should be higher.
• B) It would be more efficient, and therefore preferable, to legalize drugs.
• C) The government should restrict deficit spending and balance the budget.
• D) Higher interest rates will lead to lower rates of inflation.

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Definitions:

Negligent Conduct

Actions or behaviors that fall below the legally established standard of care, leading to harm or damage to another person.

Legally Protected Interest

An interest recognized and protected by law, such as property rights or personal rights, safeguarding individuals or entities.

Valid Negligence Action

A legal claim or lawsuit instituted based on negligence where the plaintiff must prove that the defendant owed a duty of care, breached that duty, and caused damage as a result.

Res Ipsa Loquitur

A legal doctrine that means "the thing speaks for itself," used in tort law to infer negligence from the very nature of an accident or injury in the absence of direct evidence on how any defendant behaved.