A positive statement is:
a. something good or desirable.
b. a call for improvement.
c. a statement of opinion.
d. a statement testable by facts.
e. a suggestion for policy.
d
You might also like to view...
Which of the following statements correctly describe the elasticities of demand for gasoline and automobiles?
a. The income elasticity of demand for gasoline and automobiles is negative. b. The price elasticity of demand for gasoline is elastic and the cross-price elasticity between gasoline and SUVs is positive. c. The price elasticity of demand for gasoline is inelastic and the cross-price elasticity between gasoline and SUVs is negative. d. The price elasticity of demand for gasoline is inelastic and the income elasticity between gasoline and SUVs is positive. e. The price elasticity of demand for gasoline is elastic and the income elasticity between gasoline and SUVs is negative.
The marginal social benefit is the:
A. benefit gained by the last user. B. sum of the marginal benefit gained by each individual user. C. total benefit gained by the last user. D. sum of the benefit gained by each individual user.