Which of the following statements is most consistent with positive economic anal

Question

Which of the following statements is most consistent with positive economic analysis? A)The United States would be better off being self-sufficient, so it wouldn’t need to rely on other nations for certain goods. B)The United States would be better off if it specialized in the production of some goods, and then traded some of them to other countries. C)The United States should produce at home the goods that it now imports—that way the nation can generate additional jobs here at home. D)The United States should establish trade with friendly countries and avoid trade with its enemies. Which of the following statements is most consistent with positive economic analysis? A)The United States would be better off being self-sufficient, so it wouldn’t need to rely on other nations for certain goods. B)The United States would be better off if it specialized in the production of some goods, and then traded some of them to other countries. C)The United States should produce at home the goods that it now imports—that way the nation can generate additional jobs here at home. D)The United States should establish trade with friendly countries and avoid trade with its enemies. Which of the following statements is most consistent with positive economic analysis? A)The United States would be better off being self-sufficient, so it wouldn’t need to rely on other nations for certain goods. B)The United States would be better off if it specialized in the production of some goods, and then traded some of them to other countries. C)The United States should produce at home the goods that it now imports—that way the nation can generate additional jobs here at home. D)The United States should establish trade with friendly countries and avoid trade with its enemies.

Explanation / Answer

The correct choice is C

Explanation : - A positive economic statement involves potentially verifiable or refutable propositions. We can analyze the facts to determine the correctness of the positive economic statement . A positive economic statement need not be correct. It must simply be testable. For example reducing imports can generate additional jobs at home and this can be tested statistically .

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.