"If the United States enters a war with Canada, U.S. export prices will go up." This statement is an example of
A) a positive statement.
B) an irrational statement.
C) a normative statement.
D) a realistic statement.
Answer: A
You might also like to view...
The figure above shows that as a result of the tariff, the price of a T-shirt in the United States ________, and the quantity of T-shirts bought ________
A) rises by $2; decreases by 15 million per year B) rises by $2; increases by 15 million per year C) falls by $2; increases by 5 million per year D) does not change; decreases by 5 million per year E) does not change; does not change
If there is a decline in the price of milk, an input in the production of ice cream, then there will be a(n)
A) decrease in the supply of ice cream and a leftward shift of the supply curve. B) decrease in the quantity of ice cream supplied and a movement up along the supply curve. C) increase in the supply of ice cream and a rightward shift of the supply curve. D) increase in the quantity of ice cream supplied and a movement down along the supply curve.
A decline in the yields earned by bonds should:
A. increase the demand for money. B. also decrease the demand for money. C. not impact the demand for money since money doesn't earn any interest. D. increase the velocity of money.
If a firm sells a total of 100 shares of stock, then
a. each share represents 1 percent of the firm's indebtedness. b. each share represents ownership of 1 percent of the firm. c. the firm is engaging in term finance. d. All of the above are correct.