Question 17

Tax revenue was higher last year than it was two years ago.

This statement reflects a positive economic assertion as it presents a factual observation about tax revenue trends without implying any value judgment or policy prescription.

A) Unemployment insurance needs to be increased to help displaced workers

This option expresses a normative economic statement, suggesting a course of action based on what ought to be done rather than what is. It involves a subjective value judgment regarding unemployment insurance.

B) Tariffs should be imposed on steel so U.S. companies can compete globally

Similar to option A, this statement is normative as it advocates for a specific policy measure without presenting an objective fact. It reflects an opinion on trade policy rather than a statement of economic reality.

C) The government should implement a new healthcare system

This is another normative statement that implies an opinion on government action regarding healthcare. It does not provide a factual basis or data that can be empirically verified, making it a subjective assertion.

D) Tax revenue was higher last year than it was two years ago

This statement is a positive economic statement as it provides a measurable and verifiable fact about tax revenue, focusing on actual data rather than recommendations or opinions.

Conclusion

The correct answer, option D, is definitively a positive economic statement as it provides an empirical observation regarding tax revenue. In contrast, options A, B, and C are all normative statements that reflect opinions or suggestions about policy rather than factual information. Thus, option D stands out as the only choice that meets the criteria for a positive economic statement.