All of the following except one are positive statements.Which is the exception?
A)The government needs to reduce its budget deficit.
B)A decrease in price will lead to a larger quantity bought.
C)Production is subject to the law of increasing costs.
D)The degree of competition in our economy has been increasing in the last ten years.

Question

Quizplus · Accepted Answer

Positive statements are objective statements that can be tested, amended, or rejected by referring to the available evidence. They describe the world as it is. Choices B, C, and D are examples of positive statements because they describe factual situations or relationships that can be tested or observed. Choice A, however, is a normative statement because it prescribes what ought to be done ("needs to reduce its budget deficit") based on a value judgment rather than stating a fact that can be tested or observed.

All of the Following Except One Are Positive Statements