Which of the Following Is an Example of a Positive

question 59

Multiple Choice

Which of the following is an example of a positive statement?

• A)Workers with families should be paid at least the minimum wage.
• B)If crime rates were reduced, the world would be a better place in which to live.
• C)Marginal tax rates should be reduced for individuals in the highest tax brackets.
• D)An increase in the price of gasoline will cause a reduction in the amount purchased.
• E)Corrupt politicians ought to be voted out of office.

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Definitions:

Productivity Growth

An increase in the efficiency of production, measured by the amount of goods and services produced per unit of labor or capital.

Trade Deficit

A situation in which a country's imports exceed its exports, resulting in a negative balance of trade.

Negative Merchandise Trade Balance

A situation where a country's imports of goods exceed its exports of goods, leading to a trade deficit in physical goods.

Services Trade Balance

The services trade balance refers to the difference between a country's exports and imports of services.