"All Americans should have access to health care" is an example of
A) a positive statement.
B) a microeconomic argument.
C) a factual statement.
D) a normative statement.
D
You might also like to view...
At the midpoint of a straight-line demand curve, the price elasticity of demand is:
A. greater than one. B. zero. C. less than one. D. equal to one.
Suppose a small regional airport is served by one of the major airlines, and a new low-cost airline enters the market
If the major airlines cuts its air fares in this market to levels that are below its marginal cost in response to the other firm's entry, then the major airline may be engaging in A) parallel conduct. B) parallel pricing. C) predatory pricing. D) unlawful collusion.
The three possible sources of government funding include
A) explicit fees, taxes, and borrowing. B) international income, personal income taxes, and export taxes. C) foreign aid, revenues, and implicit fees. D) None of the above are correct.
Total variable costs
A) initially increase as output increases and then decrease. B) always decrease with output. C) always increase with output. D) initially decrease and then increase with output.