The leader of a federal political party made the following campaign promise: "My administration will improve welfare by increasing national defense without requiring sacrifices elsewhere in the economy." This is an example of a positive statement

Suppose that when the price of ice cream increases, Liza decreases her purchase of hot fudge. To Liza,

A) ice cream and hot fudge and substitutes. B) ice cream is a normal good and hot fudge is an inferior good. C) ice cream and hot fudge are normal goods. D) ice cream and hot fudge are complements.

Most businesses in the United States are ________, and the type of business organization that accounts for the LEAST amount of total revenues is ________

A) proprietorships; partnerships B) corporations; proprietorships C) proprietorships; proprietorships D) corporations; partnerships