In economics, positive statements are about: a. macroeconomics, not microeconomics. b. microeconomics, not macroeconomics c. the way things are. d. the way things ought to be. Economics is about choices. The manner in which the choices are p...
Part of the Series Practical Look At Microeconomics Positive vs. Normative Economics: An Overview Positive economics describes and explains economic phenomena in objective and measurable terms, while normative economics focuses on subjective statements about economic fairness or how the economy should be...
Macroeconomics and microeconomics are the two main types of economics.Answer and Explanation: The difference between positive and normative statements is that normative statements are based on conception, whereas positive statements are...Become a member and unlock all Study Answers Start to...
despite the fact that the two normative statements above are intuitively related to the positive statement, they cannot be logically inferred from the objective information provided. (In other words, they don't have to be true given that the unemployment ...
WolframElsner, ...HenningSchwardt, inThe Microeconomics of Complex Economies, 2015 18.4.1Friedman:Logical Positivism, Eternal Laws, and “Good Predictions” Popper, as said, required scientific statements to be formulated in a clear “if-then”structure with clearly defined areas of application of ...
b. positive externalities? Externalities: An externality refers to the cost or benefits that impact a third party from economic activity. However, the third party has no control over the externality. This cost or benefit does not...