Which of the following is a positive statement?
A) An economist should test every theory at least twice.
B) Increases in the minimum wage cause unemployment.
C) We ought to deregulate the mortgage market.
D) The government must provide unlimited health care to citizens.
E) We should forgo some current consumption in order to invest in the future.

Question

Quizplus · Accepted Answer

Positive statements are objective statements that can be tested, amended, or rejected by referring to the available evidence. B) "Increases in the minimum wage cause unemployment" is a positive statement because it describes a cause-and-effect relationship that can be tested through empirical observation.

Which of the Following Is a Positive Statement