All of the following statements are examples of positive economic analysis except
A) as the unemployment rate decreases, fewer people are willing to relocate to find jobs.
B) as the economy improves, more workers from other countries are migrating to the United States.
C) exports from the United States should be increased to offset the growing number of imports into the United States.
D) the U.S. economy is growing at a slower rate than the economy of Brazil.
C
You might also like to view...
If the value of price elasticity of demand for a good is equal to "?", it implies that the good has a ________ demand
A) perfectly elastic B) perfectly inelastic C) unit elastic D) relatively inelastic
If the government intervenes in a labor dispute and requires settlement through binding arbitration, what takes place?
a. A neutral third party makes a decision that both parties must accept. b. A neutral third party makes a decision that both parties may reject. c. One party sues the other in court. d. The two parties negotiate an agreement without assistance and both must accept it. e. The two parties negotiate an agreement with assistance from their attorneys and both must accept it.
When the price of tortilla chips rose by 10 percent, the quantity of tortilla chips sold fell 4 percent. This indicates that the demand for tortilla chips is
A) inelastic. B) elastic. C) unit elastic. D) perfectly inelastic.
What can be concluded when gross private domestic investment exceeds depreciation?
A. Net investment is negative. B. The economy is importing more than it exports. C. The economy is exporting more than it imports. D. Net investment is positive.