Which of the following is a positive economic statement?
A) The federal minimum wage should be raised to $6.50 per hour.
B) The United States spends too much on national defense.
C) Higher rates of investment lead to higher rates of economic growth.
D) Economics is more interesting to study than history.

Question

Quizplus · Accepted Answer

C is a positive economic statement because it makes an objective claim about the relationship between investment and economic growth. It does not state a value judgement or propose a policy change.

Which of the Following Is a Positive Economic Statement