Which is an example of a positive economic statement?
A) A country as rich as the United States should not have any poverty.
B) Minimum wage laws should be increased to counteract the power of monopoly businesses.
C) As government spending increases, economic growth decreases.
D) A market of human organs is not necessary and would lead to the commoditization of organs.

Question

Quizplus · Accepted Answer

A positive economic statement is objective and fact-based, describing what is, rather than what ought to be. Statement C is a testable hypothesis about the relationship between government spending and economic growth.

Which Is an Example of a Positive Economic Statement