Which of the following is a positive economic statement?
A) No individual should live in poverty.
B) The rate of unemployment of young African-Americans exceeds that of white Americans.
C) Unemployment is a more serious societal problem than inflation.
D) Economic considerations are less relevant than ethical issues in deciding national policy.

Question

Quizplus · Accepted Answer

Option B provides a factual observation on the difference in the rate of unemployment among young African-Americans and white Americans, without making any normative value judgment. It is a positive economic statement based on unbiased data, and it can be measured and tested for accuracy. Options A, C, and D, on the other hand, are normative statements that express opinions or judgments on what ought to be or what is desirable, rather than what is.

Which of the Following Is a Positive Economic Statement