"The rate of unemployment is 9%." This statement:
A)is positive.
B)is normative.
C)involves a value judgment.
D)is a personal reflection and has no value in economics.

Name: "The rate of unemployment is 9%." This statement: A)is positive. B)is normative. C)involves a value judgment. D)is a personal reflection and has no value in economics.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement simply reports a measurable fact and does not involve any subjective opinion or value judgment, making it a positive statement.

"The Rate of Unemployment Is 9%." This Statement