Refer to the diagrams. The case of a normal good is represented by figure:

An information cascade occurs when:

A) the buyer of a good has more information than the seller and takes hidden actions. B) the seller of a good has more information about the hidden characteristics of the good. C) people make the same decisions as others without focusing on private information. D) people have contradictory information about a good they want to consume.

"The unemployment rate is too high" is an example of a positive economic statement

Indicate whether the statement is true or false