"The U.S. government should not use my tax dollars to subsidize people on welfare"
A) is a positive economic statement because it simply describes one person's opinion.
B) is a normative economic statement because it involves a value judgment about an economic policy.
C) is a positive economic statement because it predicts that my tax dollars will go to welfare.
D) is a normative economic statement because it is a scientific fact.
Answer: B
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A foreign exchange option is: ยท
a. the right to engage in buying or selling on the spot market. b. the right to purchase or sell foreign currency at a specified price on a specified date in the future. c. when the price of foreign currency exceeds the spot rate. d. when a speculator must decide whether to move into the market.
One World View article is titled "Top Tax Rates." The lowest marginal tax rates in the world in 2015 were in
A. Monaco. B. France. C. Denmark. D. Canada.