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Which of the following is an example of a positive economic statement? 
 
(i) Pollution is one of the most serious economic problems.
(ii) Higher interest rates will encourage more savings.
(iii) The pricing policies of monopolies should be strictly supervised.
(iv) Unemployment is more harmful than inflation.

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Deanna Hettinger
Deanna HettingerLv2
5 Mar 2020

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Related questions

Which of the following is a positive economic statement?

 

(i) Pollution is the most severe crisis that must be strictly dealt with. 

(ii) The imposition of pollution tax leads to a deadweight loss in the market.

(iii) Air pollution is more dangerous than water pollution. 

(iv) All economic activities that contribute to pollution in any way must be banned by the government.

 

Which of the following is a statement of positive economics?
 
(i) An unemployment rate of greater than 8 percent is good because prices will fall.
(ii) An unemployment rate of 7% is a serious problem.
(iii) Unemployment is a more severe problem than inflation.
(iv) If the overall unemployment rate is 7%, black unemployment rates will average 15%.

Why might some firms voluntarily pay workers a wage above the market equilibrium?
I. Paying higher wages causes worker turnover to increase.
II. Paying higher wages increases the number of job applicants.
III. Paying higher wages allows employees to purchase enough food to be healthy.
IV. Paying higher wages encourages workers to be more productive.
A. II, III, and IV only
B. II and III only
C. I, II, III, and IV
D. I, III, and IV only

Productivity is measured by:
A. Dividing total output by the population
B. Dividing total employment by the population
C. Dividing total output by the number of hours worked
D. Dividing total savings by total investment

Which of the following government policies would lead to an increase in productivity?
I. The government reduces taxes on interest earned from savings accounts.
II. The government increases expenditures on nutrition programs for malnourished workers.
III. The government increases the interest rate on student loans.
IV. The government increases spending on job training programs.
A. I, II, and III only
B. I, II, III, and IV
C. I, II, and IV only
D. I and IV only

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