Which of the Following Is an Example of a Positive,as

question 3

Multiple Choice

Which of the following is an example of a positive,as opposed to normative,statement?

• A)When the minimum wage is increased,unemployment is a predictable consequence.
• B)The income tax rate should be increased to offset the budget deficit.
• C)Increasing government spending is the best way to help the economy move out of a recession.
• D)More than one of the above are positive statements.

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Definitions:

Factory Overhead

Indirect costs related to manufacturing, including utilities, maintenance, and factory equipment depreciation.

Machine Hours

A measure of production time, calculated as the total number of hours that machines are operated during a specific period.

Applied Amount

The portion of an allocated or assigned cost to a particular department, project, or product.

Factory Overhead

Indirect costs associated with manufacturing, including costs related to operating the manufacturing facilities, aside from direct labor and direct materials costs.