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22 December, 19:44

The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of A. A normative economic statement B. A positive economic statement C. Loaded terminology D. The fallacy of composition

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  1. 22 December, 20:04
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    B. A positive economic statement

    Explanation:

    Positive economic statement - These statements are dealing with facts and figures. it includes explanation about the theories that are included in the economics of the company.

    some example of positive economic statement is:

    - increase in the price of beer will lead to less consumption of beer than before

    - the decrease in demand due to increase in price

    - increase the budget of the public facility will increase the government expenditure

    The positive positive economic statement is based on facts and objective
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Home » Business » The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of A. A normative economic statement B.
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