Multiple Choice
Which of the following is a positive economic statement?
A) An unemployment rate of 7 percent or higher is a national disgrace.
B) When the national unemployment rate is 7 percent, the unemployment rate for inner-city youth is often close to 40 percent.
C) Unemployment and inflation are equally important problems.
D) An inflation rate of 7 percent is too high.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: How do we know if an economic
Q16: What is the role of an entrepreneur?
Q17: Which of the following would be concluded
Q18: Which of the following is a problem
Q19: Which of the following describes how economic
Q21: Which of the following views might affect
Q22: Economists use theories to explain economic phenomena.How
Q23: What is a normative economic statement? <br>A) a
Q24: How does a good differ from a
Q25: What is the function of households in