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[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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[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.
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[DOC File]Digital Learning & Online Textbooks – Cengage
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a. Incorrect. Positive economics deals with facts or events that are testable. b. Incorrect. The word “best” means this is a normative statement based on value judgment. c. Correct. The fact that policy A results in outcome B is a verifiable positive statement. d. Incorrect. Only answer ( c ) is a verifiable positive statement…
a normative statement is one that

[DOC File]CHAPTER 1
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First, some argue that government should not help the poor. Second, some argue that minimum wage laws actually hurt the poor. Which argument is normative and which is positive? Answer: An opinion about the role of government is a normative statement. An observation about the impact of a law is a positive statement. Diff: 1. Topic: Models
positive vs normative statements

[DOC File]Introduction to - Weebly
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Normative Statement Statements that express a . value judgement. about what ought to be. They are subjective statements rather than objective statements. For example, the top two statements are positive statements whereas the final two are normative statements. A rise in consumer incomes will lead to a rise in the demand for new cars.
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[DOC File]Normative Theory: What is a Normative Theory
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Which may mean, they're a positive statement not a normative one, and it may not be a justification, it may just be the natural ordering. PUTNAM: MR. DIMAGGIO: I have a question which I think is related to yours, or at least provoked by yours. And it occurs to me that, and you mentioned the rationale for, tax preferences rationale for funding ...
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[DOC File]Chapter 1—What Economics Is About
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Normative economics is concerned with "what should be." A positive economist would look at the impact of an increase in minimum wage on the growth of the economy, while a normative economist would focus on whether or not the wage hike should occur and how it might affect the working poor.
positive and normative statements pdf

[DOC File]1 - Net Ins
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Are the following statements positive, normative or a combination? Explain. The U.S. should raise tariffs to reduce the trade deficit with Japan. 1. Normative: It explains what should happen. It says should in the statement. American auto production would be boosted by an increase in tariffs of foreign imports. 1.
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[DOC File]Chapter 1 Exam – The Nature of Economics
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A) a normative statement. B) a positive statement. C) an illogical and refutable statement. D) a truism. 11)Which of the following is a normative statement? A) An increase in consumer income will lead to increased sales of beef. B) A decrease in the rate of unemployment will lead to upward pressure on consumer prices.
positive and normative statements examples

[DOC File]CHAPTER 1
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a. Positive questions. 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.
normative and positive statements economics

Normative and positive statement