Which of the Following Is a Positive Economic Statement

question 329

Multiple Choice

Which of the following is a positive economic statement?

• A)We should strive to achieve full employment in the United States.
• B)The President of the United States should promote stable prices in the United States.
• C)If the price of eggs increases, the quantity demanded of bacon will fall.
• D)We should try to eliminate poverty in the United States.

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Definitions:

Flexible

Capable of adapting to changes and new conditions in a thoughtful and efficient manner.

Span of Control

The number of individuals that a manager or supervisor is directly responsible for overseeing in an organizational structure.

Supervisory Direction

Guidance and oversight provided by supervisors to ensure tasks and activities are completed according to organizational standards.

Assembly Plant

A manufacturing facility where various components of a product are put together to form a final product.