Positive economics, is built upon facts and figures and the real state of the economy. It gives us the cause-and-effect relationship of events around us. It deals with the “what is” state of the economy, which means that it is non-judgmental and explains various economic phenomena and f...
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For example, a positive theoretical statement could be "an increase in the price of gasoline will lead to a decrease in the quantity demanded of gasoline." This statement is a positive theoretical statement because it describes an economic phenomenon (the relationship between price and quantity dema...
16) Which of the following is an example of a normative economic statement? A. . If the economy is experiencing full employment, a large tax cut will create inflation. B. . An increase in the government’s budget deficit will cause an increase in interest rates. C. . A decrease in ...
百度试题 结果1 题目16) Which of the following is an example of a normative economic statement?相关知识点: 试题来源: 解析 . The federal government should increase spending on education.反馈 收藏
Answer to: State (a) a positive economic statement of your choice, and then (b) a normative economic statement relating to your first statement. By...
The differences in the verdicts are not entirely because of the differences between logical schools but are also partly because of semantic differences, as the meaning of normative statement is far from unambiguous. That value judgments can be regarded as analytical propositions means that they can ...
An example of normative economics would be the statement: "We should cut taxes in half to increasedisposable incomelevels." By contrast, a positive or objective economic observation would be, "Based on past data, bigtax cutswould help many people, but government budget constraints make that opti...
An example of a normative economic statement is: "The government should provide basic healthcare to all citizens." As you can deduce from this statement, it is value-based, rooted in personal perspective, and satisfies the requirement of what "should" be. ...
If their disagreement is on normative grounds, they know that their disagreement lies outside the realm of economics, so economic theory and evidence will not bring them together. However, if their disagreement is on positive grounds, then further discussion, study, and testing may bring them ...