Ask Question
BusinessBusiness
1 March, 18:16

6) Which of the following statements is a positive economic statement? A) The Congress should pass the president's tax package. B) Tax rebates always give too much favor to rich people. C) The President's budget included an increase in unemployment insurance payments. D) none of the above

+3
Answers (1)
  1. 1 March, 20:27
    0
    A positive economic statement is an economic analysis tool that is used to verify a statement, it is objective i. e it can be verified

    For example, The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

    This statement can be verified by the law of demand because price is the only factor that affects quantity demanded.

    Answer: Tax rebates always give too much favor to rich people.

    This statement is objective and can be verified.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “6) Which of the following statements is a positive economic statement? A) The Congress should pass the president's tax package. B) Tax ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Jeremy runs a SCUBA diving shop in Cozumel, Mexico. Jeremy has tailored his diving operation to serve serious divers preferring deeper diving profiles and longer dives. His marketing program is geared specifically to attract this type of diver.
Answers (1)
Because mrs. johnston trusts her employees, she treats them very kindly. her kindness leads them to work diligently on her behalf, which in turn increases her trust in them.
Answers (1)
A firm has sales of $10,000, EBIT of $3,000, depreciation of $400, and fixed assets increased by $2,000.
Answers (1)
The first year of operations for a company was Year 1. The net income for Year 1 was $20,900 and dividends of $12,450 were paid. In Year 2, the company reported net income of $34,900 and paid dividends of $5,450.
Answers (1)
Conner Enterprises issued $120,000 of 10%, 5-year bonds with interest payable semi annually. Determine the issue price of the bonds are priced to yield (a) 10%, (b) 8%, and (c) 12%. Use financial calculator or Excel to calculate answers.
Answers (1)
New Questions in Business
In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,700,000 shares of common stock have been authorized.
Answers (1)
This type of evidence can lead to the hasty generalization fallacy Personal Experience Intuition Analogy Research
Answers (1)
Interest rates generally reflect the potential elects of initation the level of risk in an investment the real value of the investment the amount of money invested
Answers (1)
What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.
Answers (2)
Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6; the unit contribution margin for Model P-4 is $14. Each model must spend time on a special machine.
Answers (1)
Home » Business » 6) Which of the following statements is a positive economic statement? A) The Congress should pass the president's tax package. B) Tax rebates always give too much favor to rich people.
Sign Up Forgot Password?