The amount of education that one has is an important factor in the determination of his or her wage rate. This is best described as
A) a positive statement.
B) an example of the fallacy of composition.
C) a normative statement.
D) an example of marginalism.

Question

Quizplus · Accepted Answer

This is a positive statement because it describes a relationship between education and wage rate without making a judgment about whether this is good or bad. Positive statements are factual and can be tested or validated through observation or data.

The Amount of Education That One Has Is an Important