Multiple Choice
The statement that "at 10 percent,the interest rate is too high for families to buy a home they could have afforded when the interest rate was below 7 percent ," is a(n)
A) positive statement
B) normative statement
C) morally ambiguous philosophical position
D) affront to the American dream
E) value judgment
Correct Answer:
Verified
Correct Answer:
Verified
Q102: For an individual,opportunity costs<br>A) decrease as consumption
Q103: The price that a firm's only competitor
Q104: In the United States,individuals are forced to
Q105: Macroeconomics focuses on the behavior of economic
Q106: The price of apples in Denver,Colorado is<br>A)
Q108: An economist claims that "the evidence suggests
Q109: Suppose you start your own company making
Q110: For society as a whole,producing more of
Q111: Consider an economic model designed to analyze
Q112: If the president of Chile commented that