Multiple Choice
Which of the following is an example of a positive economic statement?
A) The economy's real output increased at about 3 percent last year and the unemployment rate decreased.
B) A central bank should not print too much money because inflation could result.
C) Congress should stabilize the social security system by raising taxes now.
D) The government farm products surplus should be distributed to the needy.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: The basic difference between macroeconomics and microeconomics
Q27: The perpetual problem in economics is:<br>A) our
Q28: If an economist finds that when consumer
Q29: Select the normative statement that completes the
Q30: The Secretary of Labor states that wage
Q32: Natural resources are:<br>A) not considered scarce because
Q33: An economist at the University of Alaska
Q34: The statement, "Violent crime has decreased in
Q35: Organize the steps an economist would follow
Q36: What is scarcity and why does it