Which of the Following Is a Positive Statement

question 281

Multiple Choice

Which of the following is a positive statement?

• A) Taxes should be lower because then people get to keep more of what they earn, so they will work more.
• B) My economics class should last for two terms because it is my favorite class.
• C) A 10 percent increase in income leads to a 4 percent increase in the consumption of beef.
• D) Given their negative impact on productivity, the government should eliminate labor unions.
• E) The class average on this test should be more than 80 percent.

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Definitions:

Trade-In Allowance

A discount or credit granted for the return of something old when purchasing something new.

List Price

The manufacturer's suggested retail price (MSRP) of a product before any discounts, rebates, or special offers.

Buyer

An individual or organization that purchases goods or services for personal use, resale, or use in production or manufacturing.

Allowances

Monetary or other forms of compensation given in addition to regular income, often to cover specific needs or expenses.