Which statement is a positive economic statement?
A)Government has grown too large and should be reduced.
B)There has been an increase in the rate of inflation.
C)Government should be subject to the same rules as all other institutions.
D)Women should be paid as much as men are for the same work.

Question

Quizplus · Accepted Answer

A positive economic statement is a statement that can be proven or disproven based on facts and data. Option B, "There has been an increase in the rate of inflation," is a statement that can be measured and verified with statistical data, making it a positive economic statement. The other options express opinions or normative statements about what should or should not be, which are not subject to empirical verification and do not qualify as positive economic statements.

Which Statement Is a Positive Economic Statement