Which of the following is a positive economic statement?
A)The inflation rate in the United States is too high.
B)Unemployment insurance payments increase when the unemployment rate rises.
C)The government should defund Obamacare.
D)States should be able to enact their own marijuana legalization laws.

Question

Quizplus · Accepted Answer

This statement describes a relationship between two economic variables (unemployment insurance payments and unemployment rate) without expressing any judgement or opinion. It is a positive economic statement because it focuses on what is happening in the economy, not what should happen.

Which of the Following Is a Positive Economic Statement