Author Question: Which of the following represents positive economics? a. Policy A is fair. b. Outcome B is the ... (Read 75 times)

jerry coleman · **on:** Jun 30, 2018

Which of the following represents positive economics?
a. Policy A is fair.
b. Outcome B is the best objective to achieve.
c. If policy A is followed, then outcome B results.
d. All of these.

Question 2

Which of the following is a statement of positive economics?
a. Too much government spending is the biggest problem facing the U.S. economy.
b. Creating jobs is the most serious problem facing the U.S. economy.
c. Raising taxes provides additional revenue that should be used to finance health care.
d. If taxes are over 50 percent of national income, job creation falls.