The statement "people should pollute as little as possible" is an example of a
A. non-judgmental statement.
B. normative statement.
C. factual statement.
D. positive statement.
Answer: B
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Discrimination based on age, race, gender, or family status very likely increases as a result of rent ceilings
Indicate whether the statement is true or false
If the growth rate of the money supply in an economy is 5%, the growth rate of output is 2%, and the velocity of money is constant, what will the inflation rate in this economy be?
What will be an ideal response?
If the calculated price elasticity of demand between two points is -1.5, demand is
A) inelastic. B) elastic. C) unresponsive to price. D) unit-elastic.
Which of the following is an argument in favor of interventionist trade policies?
(a) Cheaper capital goods. (b) Declining terms of trade. (c) Decreased losses from rent-seeking activities. (d) All of the above. (e) None of the above.