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 ...
A positive theoretical statement, in economics, is a statement that describes or explains an economic phenomenon without making any value judgments or normative claims. Positive theoretical statements are objective and fact-based and can be tested using empirical evidence. For example, a positive theore...
Positive vs Normative Economics: Meaning Positivevs Normative Economics are two branches of modern economics. The first one, 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 t...
Positive economics is the objective analysis of the economic study. This involves investigating what has happened and what is happening, allowing economists to predict what will happen in the future. Positive economics is tangible, so anything that can be substantiated with a fact, such as the inf...
Economists may differ in their conclusions from positive analysis. Is the statement true or false? Explain your reasoning. Economics Economics as a discipline deals with how people make the most ideal usage of scarce resources to fulfill their boundless ...
bottom lineThe end result, the final outcome, the upshot; the net profit or loss of any transaction or undertaking, financial or otherwise. This accounting term for the final figure on a profit and loss statement has been incorporated into more general usage and extended in meaning as indicated...
The first statement is factual—something that can tested. The second is an opinion rooted instead in values about what’s fair or right. Thus, in economics, as in many other disciplines, it's crucial to distinguish between descriptions of what is the case ("robberies are high in this ...
"Positive economics cannot tell us which agricultural policy is better, so it is useless to policy makers." Evaluate this statement. Why are economists not more vocal in criticizing political rhetoric that flouts economic theory? How would the ...
The professional with a dual degree in philosophy and psychology is fluent in English, and he performed the initial translation. The three professionals then discussed the translation of each statement until a consensus was reached. The emphasis of this process was on achieving a conceptual ...
listen and try to understand the meaning. For the second and third readings, the passage will be read sentence by sentence, or phrase by phrase, with intervals of 15 seconds. The last reading will be done at normal speed again and during this time you should check your work. 听力原文: ...