Example of economic normative statement
[DOC File]CHAPTER 2: THINKING LIKE AN ECONOMIST
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normative statement - statements which are prescriptive in nature, making claims or recommendations about the way the world ought to be. Judging the validity of normative statements requires more than evidence; normative statements are value-based statements. They often cannot be separated from the opinion or values of the speaker.
[DOCX File]Chapter 1: Economics and Economic Reasoning
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18.a.Positive statement, since it is a statement of fact. b. Normative economics, since it deals with what the goals of the economy should be and is subjective. c. Since this is relating a normative goal to a decision, this could be a statement in the art of economics.
[DOCX File]Ch. 01: Introducing the Economic Way of Thinking
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is a general statement about the causal relationship between variables based on facts. ... their conclusions are based on normative economics rather than positive economic analysis. ... an economic model can show a cause-and-effect relationship only if which of the following conditions holds: ...
[DOC File]CHAPTER 1
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b. Normative questions. c. All economic questions, both positive and normative. d. Questions about the choices made by individuals. 5. If the president of Colombia commented that “we should do something to reduce inflation in Colombia,” this would be an example of: a. a normative statement. b. a positive statement.
[DOC File]Chapter 01Economics and Economic Reasoning
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D. a normative statement. 131. Say that an economic model concludes that "government can maintain current Social Security benefit levels for every retiree by raising payroll taxes." This conclusion is: A. normative statement because there is disagreement over whether or …
[DOC File]1 - Solayman EWU
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An example of a normative economic statement is as follows: The price of milk should be Tk. 70 a gallon to give dairy farmers a higher living standard and to save the family farm. This is a normative statement because it depends on value judgments and cannot be proven true or false by comparison against real world data.
[DOC File]AP ECONOMICS CHAPTER 1 STUDY GUIDE
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C) Clara's statement is normative and Ellie's statement is positive. D) Clara's statement is positive and Ellie's statement is normative. 13. The comment that "the minimum wage should be raised to give working people in this country a fair wage" is an example of: A) a normative economic statement. B) a positive economic statement.
[DOCX File]Denton ISD
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80.If economic theories are solidly based on relevant facts, then there can be no question as to the character of appropriate economic policy. 81.Normative statements are expressions of facts. 82.Positive statements are expressions of value judgments.
[DOC File]Chapter 1 Exam – The Nature of Economics
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C)non—testable statement. D) statement lacking in logic. 9) Normative economic statements. A) violate the law of ceteris paribus. B) contain value judgments. C) are usually irrational. D) are easily testable. 10) “No individual should have less than $10,000 income in the United States in 1990” is an example of. A) a normative statement.
[DOC File]Defining the Economic Problem
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Distinguish between a normative and a positive statement in Economics. Give an example of a positive statement and of a normative statement. Positive. Normative. What is the purpose of economic activity? What key decisions does an economic system have to make? The market mechanism is one way of dealing with the economic problem.
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