Asked by
Willie Scott
on Nov 11, 2024
Verified
Which of the following is a positive statement?
A) The unemployment rate of 7 percent or higher is a national disgrace.
B) Unemployment is a less important problem than inflation.
C) When the national unemployment rate is 7 percent,the unemployment rate among inner-city youth is often close to 40 percent.
D) Unemployment and inflation are equally important problems.
E) An inflation rate of 7 percent is too high.
Positive Statement
An objective statement based on factual information that can be tested or verified rather than based on opinions or norms.
Inner-City Youth
Refers to young people living in the densely populated, central areas of large cities, often highlighting demographic, economic, or social distinctions.
- Discriminate between normative and positive statements within the realm of economics.
Verified Answer
SM
Learning Objectives
- Discriminate between normative and positive statements within the realm of economics.