Which of the Following Is an Example of a Positive,as

question 40

Multiple Choice

Which of the following is an example of a positive,as opposed to normative,statement?

• A)Inflation is more harmful to the economy than unemployment is.
• B)If welfare payments increase,the world will be a better place.
• C)Prices rise when the government prints too much money.
• D)When public policies are evaluated,the benefits to the economy of improved equality should be considered more important than the costs of reduced efficiency.

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Definitions:

Salaries

Fixed regular payments made by employers to employees, typically on a monthly or biweekly basis, in exchange for their labor or services.

India

A country in South Asia, known for its diverse culture, historical significance, and as being the second-most populous country in the world.

Complements

Goods or services that are used together, where the increase in consumption of one leads to an increase in consumption of the other.

Substitutes

Goods or services that can be used in place of one another; an increase in the price of one leads to an increase in demand for the other.