3-Which of the following is a positive statement? A. When the price of a good go

Question

3-Which of the following is a positive statement?

A. When the price of a good goes up, consumers buyless of it.

B. When the price of a good goes up, firms producemore of it.

C. When the Federal government sells bonds, interestrates rise and private

investment is reduced.

D. All of the given options.

which is correct statement

4.

4-Suppose an industrious student (hoping to improve the grade onan

upcoming economics exam) organizes a study group byreserving a

meeting room, compiling study materials, and attractingfellow students.

This student would most likely be which of the followingfactors of

production?

A.Land.

B.Labor.

C.Capital.

D.Entrepreneurship.

Explanation / Answer

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