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

question 3

Multiple Choice

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

• A)When the minimum wage is increased,unemployment is a predictable consequence.
• B)The income tax rate should be increased to offset the budget deficit.
• C)Increasing government spending is the best way to help the economy move out of a recession.
• D)More than one of the above are positive statements.

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Definitions:

Consumer Preference

The individual tastes and choices of consumers that influence their purchasing decisions, often shaped by factors such as price, quality, convenience, and brand.

Wage Increase

An upward adjustment in the compensation that workers receive for their labor, typically as a result of negotiations, economic conditions, or to match inflation rates.

Unionized Bottling Plant

A unionized bottling plant refers to a bottling facility where the workers are represented by a labor union, often influencing wages, working conditions, and negotiations.

Employment Of Labor

The engagement of individuals to perform tasks for wages or salary in various sectors and industries within an economy.