"A reduction in the rate at which stock dividends are taxed will lead to greater investment in the stock market." This is an example of:
a. a positive economic statement
b. a negative economic statement.
c. the fallacy of composition.
d. a normative economic statement.
a
Economics
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The slope of the budget line
a. is always -1 b. represents the opportunity cost of consuming one more unit of the good measured on the horizontal axis c. increases as more of one good is consumed d. decreases as more of one good is consumed e. is negative because of the law of demand
Economics
Assume the price of good X increases. As a result, your real income decreases and you decrease the quantity of good X purchased each month. This is an example of the:
A. income effect. B. consumer price effect. C. revenue effect. D. substitution effect.
Economics