Which of the following is a positive economic statement?
A) Too much government spending is the biggest problem facing the U.S. economy.
B) Creating jobs is the most serious problem facing the U.S. economy.
C) Raising taxes provides additional revenue that should be used to finance health care.
D) If taxes are over 50 percent of national income, job creation falls.

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 D is a factual claim that can be tested with data.

Which of the Following Is a Positive Economic Statement