27 Views

Question : Which of the following is an example of positive economics?

Option 1: Increasing the minimum wage will reduce poverty rates.

Option 2: The government should prioritize environmental sustainability over economic growth.

Option 3: Free trade improves overall economic welfare.

Option 4: The distribution of wealth in society is unjust.


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Increasing the minimum wage will reduce poverty rates.


Solution : The correct answer is (a) Increasing the minimum wage will reduce poverty rates

Positive economics involves analyzing economic data and facts to provide objective analysis and understanding of how the economy functions. The statement about increasing the minimum wage and its potential impact on poverty rates is based on empirical evidence and economic analysis, which falls within the realm of positive economics.

Related Questions

Amity University, Noida B.Com...
Apply
Ranked as India’s #1 Not for profit pvt. University by India Today
Graphic Era (Deemed to be Uni...
Apply
NAAC A+ Grade | Among top 100 universities of India (NIRF 2024) | 40 crore+ scholarships distributed
ITM Dehradun B.Com Admissions...
Apply
Approved by AICTE | Affiliated to HNB Garhwal Central University | Recruiters: Amazon, Infosys, Deloitte, HCL | Scholarships Available
UPES Online MBA
Apply
Apply for Online MBA from UPES
Sanskaram University M.com ad...
Apply
100+ Industry collaborations | 10+ Years of legacy
DBS Global University B.Com A...
Apply
Recruiters: TCS, Wipro, HCL, Infosys, Tech Mahindra etc | Scholarships available
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books