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Introduction to Microeconomics

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Question 57

Which of the following is a positive economic statement?

Universal basic income is the most humane policy to eradicate relative poverty in a developed nation.

A 10%10\%10% increase in the national minimum wage will lead to a contraction in the demand for low-skilled labor.

Governments ought to prioritize public transport subsidies over road-building projects to improve social cohesion.

It is unfair that high-income earners are able to avoid indirect taxes by purchasing goods in lower-tax jurisdictions.

Introduction to Microeconomics Questions

  1. A Level
  2. /Economics
  3. /Introduction to Microeconomics