Which of the Following Is a Positive Economic Statement

question 207

Multiple Choice

Which of the following is a positive economic statement?

• A)The inflation rate in the United States is too high.
• B)Unemployment insurance payments increase when the unemployment rate rises.
• C)The government should defund Obamacare.
• D)States should be able to enact their own marijuana legalization laws.

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Definitions:

Investment Turnover

A financial ratio that measures the efficiency with which a company utilizes its assets to generate revenue.

Over Budget

A situation where actual spending exceeds the anticipated or planned budget allocation.

Invested Assets

Assets that are purchased or acquired for the purpose of generating income or appreciation.

Operating Income

A company's profit after subtracting operating expenses, such as wages and cost of goods sold, from its gross revenue.