Question

Which of the following is a positive statement? a. Intermediate microeconomics should be required of all economics majors in order to build a solid foundation in economic theory. b. The minimum wage should not be increased because this action would increase Unemployment. c. All automobile passengers should be required to wear seat-belts in order to protect them against injury. d. Smoking should be restricted on all airline flights. e. None of the Above

Answer 1

Answer:

e. None of the above

Explanation:

In economics, positive statements consist of objective statements that individuals can put into test, amend, or reject by referring to the accessible evidence. Positive economics handles unbiased explanation and both testing and refusal of theories. In this case, none of the examples represent a positive statement.