Classity ach of the following statements as pestive or nomative Statement Positive Normative Firms can increase sales by lowering product prices Lower ta rates encourage more work and more saving Economic development should not take place at the epense of sedal justice Seciety should reduce polution at al conts
Classity ach of the following statements as pestive or nomative Statement Positive Normative Firms can increase sales by lowering product prices Lower ta rates encourage more work and more saving Economic development should not take place at the epense of sedal justice Seciety should reduce polution at al conts
Chapter1: The Role And Method Of Economics
Section: Chapter Questions
Problem 8P
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Classify each of the following...
![Classify each of the following statements as positive or normative.
Statement
Positive
Normative
Firns can increase sales by lowering product prices.
Lawer tax rates encourage more work and more saving.
Economic development should not take place at the expense of secial justice.
Society should reduce pollution at all costs.
A reduction in the rate of money growth will reduce the rate of infation.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F59d7bc27-85c4-496c-8ef4-afa6f04ded4d%2F2326cb75-5460-43fa-aac0-a446fcdcfcbe%2Ftutsjsd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Classify each of the following statements as positive or normative.
Statement
Positive
Normative
Firns can increase sales by lowering product prices.
Lawer tax rates encourage more work and more saving.
Economic development should not take place at the expense of secial justice.
Society should reduce pollution at all costs.
A reduction in the rate of money growth will reduce the rate of infation.
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