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ECO402 - Microeconomics

Question(s) similar to the following:

Which one of the following is a positive economic statement?

Question 1: Which one of the following is a positive economic statement?

An increase in the price of butter causes consumers to buy less butter.
Social conscience demands that we increase the minimum wage.
Taxes should be raised to halt inflation.
The sales tax on food should be repealed.

Similar Questions:

Question 2: Which one of the following is a positive economic statement?

An increase in the price of butter causes consumers to buy less butter.
Social conscience demands that we increase the minimum wage.
Taxes should be raised to halt inflation.
The sales tax on food should be repealed.
Quizzes of ECO402 - Microeconomics
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