Which of the Following Is a Positive Statement in Economics

question 5

Multiple Choice

Which of the following is a positive statement in economics?

• A) The income in the UK needs to be distributed more fairly.
• B) The government needs to put more emphasis on improving UK export levels.
• C) An increase in demand will increase the equilibrium price.
• D) Faster economic growth is more important than a better quality of goods.

---

Definitions:

Basic

Constituting an essential foundation or starting point; fundamental characteristics or principles of something.

Pythagoras

An ancient Greek philosopher and mathematician who is credited with significant developments in mathematics, astronomy, and the theory of music.

Numbers

Abstract entities that represent quantities, positions, or values in mathematics, enabling the measuring, labeling, and ordering of objects and ideas.

Trees and Tables

An analogy often used to explain philosophical concepts, contrasting natural objects like trees with man-made objects like tables to explore ideas about reality and perception.