Positive statements are:
A) microeconomic in nature.
B) macroeconomic in nature.
C) statements involving value judgments.
D) statements that can be tested.
Ans: D) statements that can be tested.
You might also like to view...
Frank Murphy is considering how many snowmobiles to purchase for his snowmobile rental business. Below are his estimates of the number of snowmobile rentals per year, depending on the number of snowmobiles available.Number ofSnowmobilesYearlyrentals1902170324043005350After paying all non-interest expenses, expenses Frank expects to net $10 per rental. Each snowmobile costs $15,000. How many snowmobiles should Frank purchase if the real interest rate is 5.5%?
A. 1. B. 0. C. 2. D. 4.
Which of the following assets is the most liquid in the United States?
A) U.S. Treasury Bonds B) corporate bonds C) U.S. currency D) an antique car
Refer to Figure 16-5. Suppose the firm represented in the diagram decides to use a two-part pricing strategy such that it charges a fixed fee and a per-unit price equal to the monopoly price. What is the profit earned under this pricing scheme?
A) $5,760 B) $6,400 C) $7,680 D) $7,870
Membership in unions decreased rapidly in the 1980s
Indicate whether the statement is true or false