The statement 'if taxes on petrol increase,petrol consumption will decrease' is an example of what kind of statement?
A)A macroeconomic statement
B)A positive statement
C)A marginal statement
D)A statement that violates rational choice
E)A normative statement

Question

Quizplus · Accepted Answer

The statement "if taxes on petrol increase, petrol consumption will decrease" is a positive statement because it can be tested and verified through data and observations. It is not normative because it does not express a value judgment or opinion, and it is not a violation of rational choice. It is not a marginal statement because it does not refer to the change in consumption due to a change in one unit of input or output.

The Statement 'If Taxes on Petrol Increase,petrol Consumption Will Decrease