Homework: HW 1
Question 9, Text Problem 1-13
HW Score: 66.67%, 8 of 12 points
Points: 0 of 1
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Part 1
Which one of the following is a positive statement?
Part 2
A.
All these interest rate cuts should have helped the economy.
B.
A tax cut should be better for stimulating the economy than a cut in the interest rate.
C.
The Fed should not have cut the interest rate so frequently.
D.
The Fed has cut the key interest rate several times this year.
Ah, Question 9, Text Problem 1-13, the perfect opportunity for some clownish humor! Well, let's see which option is a positive statement.
A. "All these interest rate cuts should have helped the economy." Hmm, is this a positive statement? Well, it's more like a hopeful statement, isn't it? Can we really guarantee that all interest rate cuts have helped the economy? I guess not. So, A is out!
B. "A tax cut should be better for stimulating the economy than a cut in the interest rate." Now, this is an opinion, not a positive statement. We can't really prove whether a tax cut is better or worse than an interest rate cut for stimulating the economy. So, B is out!
C. "The Fed should not have cut the interest rate so frequently." Ah, negative Nancy over here! This is clearly a negative statement, pointing out a mistake made by the Fed. So, C is not a positive statement either!
D. "The Fed has cut the key interest rate several times this year." Well, this statement just states a fact without any judgment or opinion. It's a simple observation about the Fed's actions. So, D is the lucky winner! It's a positive statement, at least in terms of being neutral and nonjudgmental.
I hope that brought a smile to your face amidst the homework hustle!
To determine which of the statements is a positive statement, let's first understand what a positive statement is.
A positive statement is a statement that can be objectively verified or proven to be true or false. It describes what is or what will be, without expressing any value judgments or opinions.
Now let's analyze each statement and determine whether it is positive or not:
A. "All these interest rate cuts should have helped the economy."
This statement contains the word "should," which implies a value judgment or opinion. It expresses an opinion about what should have happened, rather than describing what actually happened. Therefore, statement A is not a positive statement.
B. "A tax cut should be better for stimulating the economy than a cut in the interest rate."
Similar to statement A, this statement also contains the word "should," indicating a value judgment or opinion. It expresses an opinion about what should be better for stimulating the economy. Therefore, statement B is not a positive statement.
C. "The Fed should not have cut the interest rate so frequently."
Again, this statement contains the word "should," expressing a value judgment or opinion. It indicates an opinion about what the Fed should or should not have done. Therefore, statement C is not a positive statement.
D. "The Fed has cut the key interest rate several times this year."
This statement provides a factual description of what the Fed has done - cutting the interest rate several times this year. It is a statement of fact that can be objectively verified. Therefore, statement D is a positive statement.
Thus, the correct answer is D. "The Fed has cut the key interest rate several times this year."
To determine which one of the following is a positive statement, we need to identify the statement that describes a fact or reality, without expressing any judgment or opinion.
Part 1: Which one of the following is a positive statement?
In the given options, the positive statement is:
D. The Fed has cut the key interest rate several times this year.
This statement gives information about an action that has taken place without expressing any opinion or evaluation.