Which of the following would best be described as a positive statement?

Choose 1 answer:
(A) Free markets are inherently unfair institutions
(B) Countries normally experience higher unemployment during recessions
(c) Business profits should be redistributed through taxes to benefit more of society
(D) Increasing taxes is positively wrong
(E) The focus of government spending should be on improving wellbeing

Question

Which of the following would best be described as a positive statement?

Choose 1 answer:
(A) Free markets are inherently unfair institutions
(B) Countries normally experience higher unemployment during recessions
(c) Business profits should be redistributed through taxes to benefit more of society
(D) Increasing taxes is positively wrong
(E) The focus of government spending should be on improving wellbeing

Accepted Answer

***B*** ∻Key Concept∻ ⚹Positive vs. Normative Statements⚹ ∻Explanation∻ ⚹Positive statements are objective and fact-based, whereas normative statements contain subjective or value-based judgments. Option (B) is a positive statement because it describes an economic outcome that can be tested and validated with data.⚹◊What impact would increasing taxes have on government revenue and economic efficiency according to the principles of macroeconomics?⍭ Generate me a similar question◊

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