Which of the following is a positive economic statement?
A)Government has grown too large and should be reduced.
B)There has been an increase in the rate of inflation.
C)Government should be subject to the same rules as all other institutions.
D)Women should be paid as much as men for the same work.

Question

Quizplus · Accepted Answer

A positive economic statement is one that can be tested and validated; it describes what is, rather than what ought to be. Statement B is a factual claim that can be measured and verified.

Which of the Following Is a Positive Economic Statement