Asked by
Cheyenne Crates
on Oct 26, 2024Verified
"Many economists agree that income taxes should be increased for rich people" is a positive statement.
Positive Statement
An objective statement that can be tested or validated and is based on empirical evidence, focusing on what is rather than what ought to be.
Income Taxes
Taxes imposed by governments on the income generated by businesses and individuals within their jurisdiction.
- Differentiate between positive and normative statements in economics.
Verified Answer
SD
Learning Objectives
- Differentiate between positive and normative statements in economics.