The statement that "increases in the tax on gasoline increase the price of gasoline" is an example of a
A) marginal statement.
B) normative statement.
C) rational-decision statement.
D) macroeconomic statement.
E) positive statement.
E
Economics
You might also like to view...
The focus of the Ricardian model is on how differences in _________ influence international trade patterns.
a. demand b. comparative costs c. absolute costs d. transportation costs
Economics
The supply-side policies of the Reagan and Bush administrations led to high levels of
a. budget surpluses. b. unemployment. c. inflation. d. budget deficits.
Economics