Which of the following is a positive statement?
A. Because many adults cannot afford to go to college, tax credits for tuition should be introduced.
B. When a country imports more than it exports, its balance of trade is negative.
C. The price of drugs in the United States is too high.
D. It only makes sense to offer financial aid for students who cannot pay some of their tuition.
E.The President of the United States ought to be elected by a direct vote of the American people rather than the Electoral College
B. When a country imports more than it exports, its balance of trade is negative.
You might also like to view...
Refer to Figure 1A.1. Assume that the graph in this figure represents the demand and supply curves for used cars, which are inferior goods. An increase in income would be represented by a shift from
A) Demand 1 to Demand 2. B) Demand 2 to Demand 1. C) Supply 1 to Supply 2. D) Supply 2 to Supply 1.
A major advantage of automatic stabilizers is that they: a. guarantee that the federal budget will be balanced over the course of the business cycle. b. require no legislative action by Congress to take effect
c. simultaneously stabilize the economy and reduce the size of the public debt. d. automatically produce surpluses during recessions and deficits during economic booms.
The idea of comparative advantage is related to
A) the idea of opportunity cost. B) the idea of absolute advantage. C) using the worker with the most diverse sets of skills. D) engineering efficiency.
In the United States, out-of-pocket spending on health care as a percentage of all spending on health care has ________ since 1960
A) slowly risen B) steadily declined C) more than doubled D) remained stable