Which of the following is a statement of positive economics?
A)Unemployment is a more severe problem in societies than inflation.
B)Our current unemployment rate is a serious problem.
C)If the overall unemployment rate is 6 percent, teenage unemployment rates will exceed 12 percent.
D)An unemployment rate of 4 percent would be too low.

Question

Which of the following is a statement of positive economics?
A)​Unemployment is a more severe problem in societies than inflation.
B)​Our current unemployment rate is a serious problem.
C)​If the overall unemployment rate is 6 percent, teenage unemployment rates will exceed 12 percent.
D)​An unemployment rate of 4 percent would be too low.

Quizplus · Accepted Answer

Option C is a statement of positive economics as it presents a cause-and-effect relationship between the overall unemployment rate and teenage unemployment rates. It does not involve any normative judgment or value-based opinion. Option A, B, and D involve normative judgments and opinions.

Which of the Following Is a Statement of Positive Economics