The statement that "increases in the tax on gasoline increase the price of gasoline" is an example of a
A)normative statement.
B)rational-decision statement.
C)marginal statement.
D)macroeconomic statement.
E)positive statement.

Question

Quizplus · Accepted Answer

A positive statement is one that can be tested and validated; it describes the world as it is. The statement about the tax on gasoline affecting its price is a factual claim that can be tested.

The Statement That "Increases in the Tax on Gasoline Increase