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Choose the statement that is an example of a positive statement. O A. We should

ID: 1223098 • Letter: C

Question

Choose the statement that is an example of a positive statement. O A. We should increase border patrols along the U.S.-Canada border. OB. We should drive our cars less and use public transportation more. O C. Every American should have access to low-cost health insurance. O D. The U.S. unemployment rate is lower than the Canadian unemployment rate. Choose the correct statement. 0 A. Social interest and self-interest can come into conflict. B. You make choices based on what you think is best for society as a whole. C. What we do in pursuit of our self-interest is independent of the social interest. D. Choices that are the best for more than one person are said to be in the social interest. ( When you make economic choices that result in what, how, and for whom goods and services get produced, A. your choice is neither in your self-interest nor in the social interest B. you are making choices that are in your self-interest but not in the social interest ° C. you are making choices that are in your self-interest and possibly also in the social interest O D. you are making choices that are in the social interest but not in your self- interest

Explanation / Answer

(1) (D)

The statement that US unemployment rate is lower than Canadian rate is a factual statement, hence a positive statement.

(2) (A)

Social interest and self-interest need not have zero conflict.

(3) (D)

(4) (A)

(5) (D)

This is a microeconomics question.