Question

An example of a positive statement is

Question 2a options:

1)	everyone receiving free healthcare.

2)	reducing inequality is a legitimate goal for the economy.

3)	increasing food stamps will lead lower work productivity.

4)	everyone receiving free tuition for college.

Question 5 (2 points)

Saved

Evaluating whether to purchase an additional item based on its extra benefits and associated costs is:

Question 2b options:

1)	total cost

2)

profit

3)	marginal analysis.

4)	total benefits

Answer 1

2a. Increasing food stamps will lead lower work productivity

Positive statement highlights the nature and extent of economic problems or analyse the economic behavior of the people related to past, present or future. These statements are based on facts and figures related to past, present or future. These statements are verifiable for truth.

2b. Marginal analysis

Marginal analysis is a comparison of additional benefit derived and additional cost incurred on the purchase of same item.