Which of the following is an example of a positive economic statement?

A) Workers with families should be paid at least the minimum wage.
B) If crime rates reduced,the world would be a better place to live in.
C) Marginal tax rates should be reduced for individuals in the highest tax bracket.
D) An increase in the price of gasoline will cause a reduction in the amount of gasoline purchased.
E) Corrupt politicians ought to be voted out of office.

Positive Economic Statement

An objective statement based on empirical evidence that describes the world as it is. These statements can be tested and validated through observation.

Marginal Tax Rates

The rate at which tax is charged on an additional dollar of income, which can vary based on income levels and tax brackets.

Gasoline Purchased

The amount of gasoline acquired by consumers, often measured in gallons or liters, for the purpose of powering vehicles.