Which of the following is a positive economic statement?
A)U.S. citizens should only buy products which are produced in the United States.
B)The government should ban the production and sale of incandescent light bulbs.
C)Raising the tax on gasoline raises the selling price of gasoline.
D)The government should revamp its immigration policies.

Question

Quizplus · Accepted Answer

This statement is a positive economic statement because it is a factual statement about the relationship between raising taxes on gasoline and the subsequent increase in price. It does not make a value judgment or express an opinion.

Which of the Following Is a Positive Economic Statement