Which One of the Following Is a Positive Economic Statement

question 63

Multiple Choice

Which one of the following is a positive economic statement?

• A) An increase in the minimum wage will reduce employment for teenagers.
• B) The minimum wage should be increased.
• C) Social justice will be served by increasing the minimum wage.
• D) Thoughtful people oppose an increase in the minimum wage.

---

Definitions:

Letters

Characters or symbols used in written language to represent sounds or to form words.

Number

A mathematical object used to count, measure, and label.

Categorical Syllogism

A form of deductive reasoning consisting of three propositions that are categorical in nature, presenting a relationship between a subject and a predicate.

Minor Term

in syllogistic logic, the term that appears in both the conclusion and one premise of a syllogism, but not the major premise.