The statement that "at 10 percent, the interest rate is too high for families to buy the home they deserve," is a(n)
a. positive statement
b. normative statement
c. morally ambiguous philosophical position
d. affront to the American dream
e. value judgment
B
You might also like to view...
If Kami can produce 40 tablets or 30 cellphones during a month's time, while Sally can produce 10 tablets or 20 cellphones, then it is correct to state that
A) Kami has a comparative advantage in producing tablets. B) Kami has a comparative advantage in producing both tablets and cellphones. C) Sally has a comparative advantage in producing both tablets and cellphones. D) Sally has an absolute advantage in tablets.
The elasticity of supply of product X is unitary if the price of X rises by:
A. 5 percent and quantity supplied rises by 7 percent. B. 8 percent and quantity supplied rises by 8 percent. C. 10 percent and quantity supplied stays the same. D. 7 percent and quantity supplied rises by 5 percent.
Government spending on public education has
A. increased steadily since the 1920s. B. remained at roughly 1.2 percent of GDP since the 1920s. C. remained at roughly 4 percent of GDP since the 1970s. D. decreased steadily since the 1920s.
The term "depository institution" refers to
A. credit unions only. B. commercial banks only. C. savings and loan associations only. D. commercial banks, credit unions, and savings and loan associations.