If income redistribution policy is based on the relative concept of poverty, the war on poverty

A. will be won quite soon.
B. is, by definition, unwinnable.
C. has not helped at all.
D. has already been won.

Answer: B

Economics

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Which of the following statements is true?

A) Normative statements depend on personal preferences. B) Normative economic statements can be confirmed or disproven. C) Positive economics recommends what people ought to do. D) Positive economics deals with issues that are subjective.

Economics

Damage from floods and hurricanes which destroy a large portion of this year's crop of oranges will definitely make oranges more price inelastic in supply

Indicate whether the statement is true or false

Economics