'Lower ticket prices would lead to more people attending football games.' This statement is a:
A) statement that confuses marginal cost and sunk cost.
B) macroeconomic statement.
C) normative statement.
D) positive statement.
E) statement assessing the social interest versus the private interest.

Question

Quizplus · Accepted Answer

This is a positive statement as it is a statement of fact that can be tested and verified. It states that if ticket prices were lower, more people would attend football games. It does not express any value judgment or opinion on whether this is good or bad.

'Lower Ticket Prices Would Lead to More People Attending Football