Which of the following is a positive economic statement?
A)People should not buy imported fruits and vegetables.
B)The government should subsidize solar power for homeowners.
C)The minimum wage law causes unemployment.
D)The number of work visas should not be limited by the government.

Question

Quizplus · Accepted Answer

Economic statements that can be tested and validated against facts are considered positive economic statements. Option C, "The minimum wage law causes unemployment," is a statement that can be tested and validated through economic analysis and data, making it a positive economic statement.

Which of the Following Is a Positive Economic Statement