6) Which of the following statements is a positive economic statement? A) The Congress should pass the president's tax package. B) Tax rebates always give too much favor to rich people. C) The President's budget included an increase in unemployment insurance payments. D) none of the above

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Business

Dane

1 March, 18:16

6) Which of the following statements is a positive economic statement? A) The Congress should pass the president's tax package. B) Tax rebates always give too much favor to rich people. C) The President's budget included an increase in unemployment insurance payments. D) none of the above

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Micah Knox · Answer 1

A positive economic statement is an economic analysis tool that is used to verify a statement, it is objective i. e it can be verified

For example, The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

This statement can be verified by the law of demand because price is the only factor that affects quantity demanded.

Answer: Tax rebates always give too much favor to rich people.

This statement is objective and can be verified.