Which of the following is a positive statement?
A) Mutually beneficial trade is good.
B) Minimum wage laws are not Pareto efficient.
C) All workers should earn, at a minimum, a living wage.
D) All persons who cannot produce enough to earn a living wage should not be allowed to work.

Question

Quizplus · Accepted Answer

A positive statement is a statement that can be proven or disproven through empirical evidence. Option B is a statement that can be analyzed using economic theory and empirical data to determine whether minimum wage laws are Pareto efficient, making it a positive statement. Options A, C, and D are normative statements, which express an opinion or value judgment and cannot be proven true or false through empirical evidence.

Which of the Following Is a Positive Statement