Which of the Following Is a Statement of Positive Economics

question 102

Multiple Choice

Which of the following is a statement of positive economics?

• A) I hope unemployment comes down soon.
• B) President X's way of dealing with unemployment is better than President Y's.
• C) I think everyone should sacrifice to reduce the deficit.
• D) If taxes are reduced, unemployment will drop.

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Definitions:

Consumer Confidence

A measure of how optimistic or pessimistic consumers are about their financial situation and the overall state of the economy.

Social Stratification

A system by which a society ranks categories of people in a hierarchy, based on factors like wealth, income, race, education, and power.

Social Class

A division of a society based on social and economic status.

Social Strata

Layers within a society, formed based on various criteria such as wealth, occupation, and education, which define a person's social standing or class.