Which of the Following Is a Positive Economic Statement

question 28

Multiple Choice

Which of the following is a positive economic statement?

• A)No individual should live in poverty.
• B)The rate of unemployment of young African-Americans exceeds that of white Americans.
• C)Unemployment is a more serious problem than inflation.
• D)Economic considerations are less relevant than ethical issues in deciding national policy.

Comprehend the principles of self-fulfilling prophecy and its effects on behavior.

Familiarize with the process of social perception and cognition.

Recognize the role of implicit attitudes and unconscious biases in shaping behavior.

Learn about methods and tools like the Implicit Association Test for measuring implicit biases.

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Definitions:

Gain or Loss

The financial outcome resulting from the sale of assets or securities, determined by the difference between the sale price and the original purchase price.

Intangible Assets

Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.

Long-Lived Assets

Assets that are expected to provide economic benefits to a company for a period longer than one year.

Physical Substance

An attribute indicating that an asset has tangible form and can be perceived by the senses.