Positive economic statements

Question

Quizplus · Accepted Answer

Positive economic statements are objective statements that can be tested against the facts. They are based on data and evidence and are not influenced by personal opinions or values. Positive statements try to explain how the economy works and help us to understand the cause and effect relationships between economic variables. For example, "An increase in the demand for cars will lead to an increase in the price of cars." This statement can be tested against actual data on the demand and price of cars.

Positive Economic Statements