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:

Fair and Accurate Credit Transactions Act

A federal law enacted to enhance consumer protection against identity theft and to improve the accuracy of consumer records.

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Credit Reporting

The process by which companies called credit bureaus collect, maintain, and provide information about an individual's or company's credit history.

Consumer Product Safety Act

A federal law aimed at protecting consumers from unsafe products, establishing guidelines and standards for product manufacture and sale.