"Senior citizens deserve an income that will allow them to live in comfort for their remaining years." This is
a. neither a normative nor a positive statement
b. both a positive and a normative statement
c. strictly a macroeconomic issue
d. a positive statement
e. a normative statement
E
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When gold prices become more volatile, the ________ curve for gold shifts to the ________; ________ the price of gold
A) supply; right; increasing B) supply; left; increasing C) demand; right; decreasing D) demand; left; decreasing
Compared to people in other nations, people in the United States pay
a. much higher taxes. b. somewhat higher taxes, on average. c. about the same amount taxes. d. lower taxes.
The highest form of competition is called
a. absolute competition. b. cutthroat competition. c. perfect competition. d. market competition.
If $20 billion was spent on a program last year, and $21 billion would be required to maintain services at the same level, then a budgeted figure of $20.5 billion would represent
A. a cut using either current services or baseline budgeting. B. an increase using current services budgeting and a cut using baseline budgeting. C. an increase using either current services or baseline budgeting. D. an increase using baseline budgeting and a cut using current services budgeting.