Which of the following statements is a positive economic statement?
A)The Congress should pass the president's tax package.
B)Tax rebates always give too much favor to rich people.
C)The President's budget included an increase in unemployment insurance payments.
D)none of the above

Question

Quizplus · Accepted Answer

A positive economic statement is a statement that can be tested or measured and describes what "is". Option A is a normative statement as it expresses an opinion about what "ought" to be done. Option B is also a normative statement and is subjective in nature. Option C is a positive economic statement as it describes an increase in unemployment insurance payments which can be measured and tested. Option D is not the answer as it does not provide any statement to analyze.

Which of the Following Statements Is a Positive Economic Statement