Which of the following is a positive economic statement?
A)People should not buy SUVs.
B)The government should mandate electric automobiles.
C)Scarcity necessitates that people make trade-offs.
D)Foreign workers should not be allowed to work for lower wages than the citizens of a country.

Question

Quizplus · Accepted Answer

This statement is a positive economic statement because it describes an economic fact - the concept of scarcity and the need for individuals to make choices between alternatives. It does not make any value judgments or give opinions about what people should or should not do. The other options are normative statements, as they express opinions or beliefs about what should be done or what is right or wrong.

Which of the Following Is a Positive Economic Statement