Which of the following is a positive economic statement?
A)The standard of living in the United States should be higher.
B)If the price of iPhones falls, a larger quantity of iPhones will be purchased.
C)The government should revamp the health care system.
D)The U.S. government should not have bailed out U.S. auto manufacturers.

Question

Quizplus · Accepted Answer

This statement is positive because it presents a cause and effect relationship between the price and quantity demanded of iPhones. It is a statement of fact that can be supported by economic analysis and data.

Which of the Following Is a Positive Economic Statement