A normative statement reflects opinions or beliefs, while a positive statement... Cannot be tested   is based on facts   Reflects only positive opinions   Is always true

Q: Find one positive or one normative statement. Explain how you know they are either a positive or…

A: One positive statement : Moffatt cited similar problems in Alaska, home to a national dividend fund…

Q: what is the difference between a positive statement and a normative statement?

A: According to economists, there are two types of activities within an economy. On the one side, there…

Q: A universal basic income would not only lift more than 3.2 million Canadians out of poverty, it…

A: Positive Statements are those which are based on facts and figures.  Normative Statements are those…

Q: Give one example each of a positive and a normative statement.  Use your own example and not one…

A: The value of economic fairness, or what the economy "should" or "ought to be," is that the focus of…

Q: a. The minimum wage creates unemployment among young and unskilled workers.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: What are normative economics

A: There are two parts of Economics positive economics and normative economics. Positive economics…

Q: Which one is not issued in Macroeconomics

A: CONSUMER'S EQUILIBRIUM isn't included within the macro economics. it's a micro economic property…

Q: Economic models must mirror reality or they are of no value.  When economists make normative…

A: 1. The given statement is false. The economic models are considered as the simplifications of the…

Q: What is the difference between positive and normative economics? Why are positive questions easier…

A: Positive economics is a stream of economics focused on identifying, quantifying, and explaining…

Q: Why do many think of normative economics as subjective?

A: Normative economics is a branch of economics which deals with the question about economy and what…

Q: If economics is a positive science, why do economists always disagree

A: Let’s see it with an example, suppose a nation has a high unemployment rate. The government…

Q: f. If consumer income increases, other things equal, the demand for automobiles will increase.

A: Positive Economics refers to which that deals with economic issues related to past, present, and…

Q: Normative statements are... A) Prescriptive, whereas positive statements are descriptive. B)…

A: In general statements are of two types; positive statements and normative statements. Positive…

Q: Positive or Normative?

A: Positive economics and normative economics are two types of economic analysis.

Q: Define positive and normative statements and give four examples of each.

A: Economics is a social science that is responsible for generating theories in addition to studying…

Q: What is the difference between positive and normative economic analysis? Give an example for each.

A: Positive economics focuses on the description(explanation) of the state of economy…

Q: In economics, the difference between normative and positive is that:

A: Positive economics is a stream of economics focused on identifying, quantifying, and explaining…

Q: Explain the difference between positive and normative analysis. Provide an example of a normative…

A: Modern economics: There are two main approaches used to describe different modern economic phenomena…

Q: What is the difference between disagreeing abouta positive statement and disagreeing about a…

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…