Which of the Following Statements Are Positive Statements

question 51

Short Answer

Which of the following statements are positive statements?
a. The minimum wage creates unemployment among young and unskilled workers.
b. The minimum wage ought to be abolished.
c. If the price of a product in a market decreases, then, other things equal, quantity demanded will increase.
d. A little bit of inflation is worse for society than a little bit of unemployment.
e. There is a trade-off between inflation and unemployment in the short run.
f. If consumer income increases, then, other things equal, the demand for cars will increase.
g. The South African income distribution is not fair.
h. South African workers deserve more liberal unemployment benefits.
i. If interest rates increase, then investment will decrease.
j. If welfare benefits were reduced, then the country would be better off.

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Definitions:

Least Developed Countries

Countries recognized by the United Nations for their low socioeconomic development and human assets.

Ecological Term

Refers to concepts and vocabulary associated with the branch of biology that studies the interactions between organisms and their environment.

Birth Rate

A statistical measure representing the number of live births per 1,000 people in a population per year.

Death Rate

The ratio of deaths to the population of a particular area during a certain time frame, often expressed per 1000 individuals per year.