Which of the Following Is a Statement of Positive Economics

question 164

Multiple Choice

Which of the following is a statement of positive economics?

• A)New tax laws are needed to help the poor.
• B)Teenage unemployment should be reduced.
• C)We should increase Social Security payments to the elderly.
• D)An increase in tax rates will reduce unemployment.
• E)It is only fair that firms that are protected from competition by government-granted monopolies pay higher corporate taxes.

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Definitions:

Social Evolution

The process by which societies and cultural practices develop and change over time.

Human Survival

Refers to the ability of humans to continue living and thriving, often despite adverse conditions or challenges.

Social Cost

Refers to the total impact of an activity on society, including negative effects that are not usually accounted for in the marketplace.

Environmental Damage

Harm caused to natural environments due to human activities, often impacting ecosystems, biodiversity, and public health.