Multiple Choice
Which of the following is a positive economic statement?
A) The standard of living in the United States should be higher.
B) If the price of iPhones falls, a larger quantity of iPhones will be purchased.
C) The government should revamp the health care system.
D) The U.S. government should not have bailed out U.S. auto manufacturers.
Correct Answer:

Verified
Correct Answer:
Verified
Q191: Table 1-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 1-2
Q192: All of the following are part of
Q193: Economists spend much of their time<br>A)describing how
Q194: A primary role of economists is to
Q195: Table 1-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 1-4
Q197: Suppose when the price of laptops fall,
Q198: Economics does not study correct or incorrect
Q199: Trina's Tropical Fish Store sells goldfish for
Q200: When voluntary exchange takes place, both parties
Q201: Table 1-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 1-1