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.
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.
Option 1: The government should regulate monopolistic behavior to protect consumers.
Option 2: Supply and demand determine market prices.
Option 3: Wealth should be redistributed to achieve social equality.
Option 4: Economic policies should prioritize environmental sustainability.
Question : Which of the following statements is an example of positive economics?
Option 1: The government should regulate the banking sector to prevent financial crises.
Option 2: Tax cuts for corporations will stimulate economic growth.
Option 3: Wealth redistribution is necessary for a just society.
Option 4: Economic efficiency should be prioritized over equity.
Option 1: The government should invest more in renewable energy sources.
Option 2: Higher taxes on cigarettes will reduce smoking rates.
Option 3: Income inequality is a moral issue that needs to be addressed.
Option 4: Economic growth is essential for societal well-being.
Question : Positive economics involves:
Option 1: Assessing the impact of economic policies on societal well-being
Option 2: Conducting experiments to test economic theories
Option 3: Evaluating the ethical implications of economic decisions
Option 4: Analyzing economic data to understand cause and effect relationships
Question : The analysis of the interrelationship between the economy and the environment in the economic environmental accounting system was forwarded by_____.
Option 1: Central Statistical Office
Option 2: National Environmental Engineering Institute
Option 3: Directorate of Economics and Statistics
Option 4: United Nations Statistical Office
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