Which of the following is an example of a positive economic statement? Congress should devote more...
Which of the following is an example of a positive economic statement?
| Congress should devote more resources to the environment. |
| The poor should pay more taxes and the rich should pay lower taxes toward social security. |
| The Kardashians should not be allowed to be on television. |
| The average rainfall in August 2016 was 5 inches nationwide. |
Homework Answers
The Average rainfall in August 2016 was 5 inches nationwide is positive economic statement and others statement are examples of Normative Economics.
Because Average rainfall can be validated because positive economic statement is based on validity not on personal beliefs.
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