The amount of exercise that one gets is an important factor in the determination of his general state of health. This is best described as
A. an example of marginalism.
B. a positive statement.
C. an example of the fallacy of logic.
D. a normative statement.
Answer: B
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Refer to Table 2-1. Assume Tomaso's Trattoria only produces pizzas and calzones. A combination of 24 pizzas and 15 calzones would appear
A) along Tomaso's production possibilities frontier. B) inside Tomaso's production possibilities frontier. C) outside Tomaso's production possibilities frontier. D) at the horizontal intercept of Tomaso's production possibilities frontier.
To help developing countries expand their industrial base, some industrial countries have reduced tariffs on designated manufactured imports from developing countries below the levels applied to imports from industrial countries
This policy is called A) export-led growth. B) generalized system of preferences. C) Most Favored Nation. D) reciprocal trade agreement. E) outsourcing.
A statement of fact that can be verified by observation is
a. an abstraction b. a positive statement c. a normative statement d. a philosophical conundrum e. the basis of an assumption
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to rise. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.