Author Question: Which of the following represents a positive statement? a. A higher income tax rate will reduce the ... (Read 21 times)

Yolanda · **on:** Jun 30, 2018

Which of the following represents a positive statement?
a. A higher income tax rate will reduce the amount of time that people spend working.
b. Teenage unemployment should be reduced.
c. We should raise the standard of living for the elderly.
d. A decrease in tax rates is needed to help the poor.

Question 2

Positive economics:
a. will usually tell us which policy is best.
b. reveals what ought to be in economic matters.
c. is of little use to policy makers.
d. is the scientific study of what is among economic relationships.