Question

An example of a positive economic argument is: Group of answer choices arguing that high degrees of income inequality is inefficient because it leads to greater governmental expenditures on welfare programs. arguing that universal health care should be provided to ensure social justice. arguing that high degrees of income inequality is immoral and unjust. all of the available answers are correct. arguing that welfare should be eliminated because welfare is immoral.

Answer 1

arguing that high degrees of income inequality is inefficient because it leads to greater governmental expenditures on welfare programs.

Step-by-step explanation:

Positive Economic statement is objective and statements are usually based on facts and economic theory. They can be tested.

For example, arguing that high degrees of income inequality is inefficient because it leads to greater governmental expenditures on welfare programs, can be tested empirically

Normative economic statement is based value judgements, opinions and perspectives. For example, the statement - arguing that high degrees of income inequality is immoral and unjust - is based on personal opinion. Some might agree and others might disagree