Increasing income tax rates will solve the "social security time bomb issue" is an example of
A) business economic policy.
B) a positive economic statement.
C) marginal cost exceeding marginal benefit.
D) answering the "how" question.
E) globalization.

Question

Quizplus · Accepted Answer

This statement is a positive economic statement, as it is an objective statement of what can be done to solve the social security time bomb issue. It is not a statement about whether increasing income tax rates is good or bad, but rather an explanation of a potential solution to a problem.

Increasing Income Tax Rates Will Solve the "Social Security Time