Unemployment decreased to its lowest level in 10 years last month. This statement is:
A)an example of an opportunity cost.
B)a positive economic statement.
C)a normative economic statement.
D)a value judgment.

Question

Quizplus · Accepted Answer

The statement is providing a factual observation about the current state of the economy based on data. It is not making a subjective judgment or expressing a particular value, therefore it is a positive economic statement.

Unemployment Decreased to Its Lowest Level in 10 Years Last