Every citizen in the United States should be required to become licensed to carry a firearm for the sake of protection. This statement is best described as
A. a marginal statement.
B. an implication of an efficient market.
C. a positive statement.
D. a normative statement.
Answer: D
You might also like to view...
_____ is embodied in the notion of a social welfare function
a. Progressivism b. Socialism c. Utilitarianism d. Social insurance
In the traditional Keynesian model, an increase in current taxes
A) increases disposable income but does not affect consumption. B) decreases both disposable income and consumption. C) decreases disposable income but increases consumption. D) has no effect on either disposable income or consumption.
The Federal Reserve System performs many functions but its most important one is:
Controlling the money supply Acting as fiscal agent for the U.S. government Issuing currency Providing for check clearing and collection
To abstract from reality in an economic model means that:
A. we include only a few of the essential aspects of reality. B. the economic study surveys only a very limited period of time. C. we include only those elements which support our hypothesis. D. the model includes every aspect of the real world.