A Level Economics AQA Practice Exam

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What defines a positive economic statement?

  1. A statement that reflects an opinion

  2. A statement that is based on an individual's values

  3. A statement that can be proved or disproved by reference to facts

  4. A statement that is always subjective

The correct answer is: A statement that can be proved or disproved by reference to facts

A positive economic statement is defined by its ability to be tested and validated through empirical evidence or facts. This means that such statements can be backed up with data, allowing them to be shown as true or false based on observable phenomena or statistical analysis. For instance, a positive economic statement could be: "Increasing the minimum wage leads to higher unemployment rates among teenagers." This statement can be evaluated by examining actual employment data before and after a minimum wage increase. In contrast, other options involve subjective interpretations or personal beliefs. A statement that reflects an opinion or is based on individual values lacks a factual basis and cannot be empirically verified, which distinguishes it from positive statements. Thus, the defining characteristic of a positive economic statement is its capacity for objective assessment using factual evidence.

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