Why is it important to be able to distinguish positive from normative statements about economic policy? Question 8 options: Positive statements are always true and are the basis of economic policy while normative statements are false and should NEVER be used. Positive statements help us understand the value judgments toward a particular policy, while normative statements reflect the economy's response. Positive statements help us understand the economy's response to a particular policy, while normative statements reflect value judgments. Positive statements help us understand the good results of a policy change, and normative statements help us understand the negative results.
Why is it important to be able to distinguish positive from normative statements about economic policy? Question 8 options: Positive statements are always true and are the basis of economic policy while normative statements are false and should NEVER be used. Positive statements help us understand the value judgments toward a particular policy, while normative statements reflect the economy's response. Positive statements help us understand the economy's response to a particular policy, while normative statements reflect value judgments. Positive statements help us understand the good results of a policy change, and normative statements help us understand the negative results.
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter1: The Economic Approach
Section: Chapter Questions
Problem 11CQ
Related questions
Question
Why is it important to be able to distinguish positive from normative statements about economic policy?
Question 8 options:
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Positive statements are always true and are the basis of economic policy while normative statements are false and should NEVER be used.
|
|
Positive statements help us understand the value judgments toward a particular policy, while normative statements reflect the economy's response.
|
|
Positive statements help us understand the economy's response to a particular policy, while normative statements reflect value judgments.
|
|
Positive statements help us understand the good results of a policy change, and normative statements help us understand the negative results.
|
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