When Al makes the statement,"The cost of living has increased 10 percent over the past 10 years," he is
A)making a positive statement.
B)making a negative statement.
C)making a normative statement.
D)testing an economic model.
E)identifying the standard of living-cost of living tradeoff.

Question

Quizplus · Accepted Answer

Al's statement is a positive statement because it describes a factual situation about the cost of living increasing by 10 percent over the past 10 years without making a judgment or recommendation. Positive statements are objective and can be tested or verified.

When Al Makes the Statement,"The Cost of Living Has Increased