Which one of the following is a normative economic statement?
A. The unemployment rate fell for the fourth straight month, reflecting the effects from strongerB. Consumer prices are rising at a faster rate than in past months, indicating a renewal ofC. To help balance the Federal budget, Congress increased the tax on gasoline to its highest levelD. The worsening balance of trade must be corrected if this nation is to remain competitive in the economic growth in the second quarter inflationary pressures on the economy in the past ten years world economy
Answers: 3
Business, 22.06.2019 10:30
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
Answers: 1
Business, 22.06.2019 13:00
The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.
Answers: 3
Business, 22.06.2019 21:20
In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.
Answers: 3
Which one of the following is a normative economic statement?
A. The unemployment rate...
A. The unemployment rate...
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