Determine if the following statement is normative or positive: The government expenditure towards infrastructure, research and development and skills and jobs-training programs increases future productivity resulting in rising future output (i.e. GDP).

Q: Scarcity limits the volume of goods that an economic system can produce but does not limit the…

A: One of the defining features of economics is scarcity, which deals with how people satisfy unlimited…

Q: is this a normative statement: NASA should send a shuttle to Mars to do more research on the planet

A: Normative statements contain value judgements or such statements are advisory type.

Q: Ben says that "An increase in the tax on beer will raise its price." Holly argues that "Taxes should…

A: There are two types of statements - positive and negative. A positive statement is based on facts…

Q: Which of this is a following is a normative statement: Select one: The correlation between the…

A: Normative statements are not true statements rather they are based on assumptions and value…

Q: Fill in the blanks: Indicate whether the following statement is a positive or normative statement:…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Normative economic statements MUST a. be precise b. quantify data c. have no bias d. be objective e.…

A: The economics is the study of individual behavior and how they allocate the goods and services…

Q: Normative and positive statements

A: Positive and normative analysis are two branches of economics. Positive analysis focuses  on “what…

Q: Which of the following statements are normative or positive? Explain your answer. Unemployment rate…

A: 1. Unemployment rate will increase for the next quarter.  Positive Statement

Q: The emergence of Covid-19 should affect developing countries more adversely than technically…

A: A normative statement is a statement that stresses an opinion or belief that is not based on facts…

Q: Local government bans on plastic grocery bags due to environmental concerns have led to increased…

A: Economist argue that the free market allocates the goods efficiently so the government should not…

Q: Classity ach of the following statements as pestive or nomative Statement Positive Normative Firms…

A: Positive economics describes and explains diverse monetary phenomena or the "what is" scenario.…

Q: Normative economics is:    a. An investigation or statement about the norms and culture of other…

A: The study about the scarce allocation of resources among the people of the society is referred to as…

Q: Which of the following is not correct? Group of answer choices a Positive statements can, in…

A: Positive statements are mere facts and it cannot be judgemental.Therefore to confirm or refuse it…

Q: A Malthusian equilibrium, or an economy envisioned by Thomas Malthus, is more consistent with the…

A: According to Malthusian economy, the advancement in production technology is so slow in the economic…

Q: Normative Statements   Question 1 options:   attempt to describe how the world actually is or…

A: Normative Statements are those statements that individuals make regarding any economic policies or…

Q: Classify the following as microeconomics or macroeconomics and provide a justification for your…

A: Micro economics is a study of micro units like individuals and business firms while macro economics…

Q: Q1. If you are a business leader, give a positive and a normative argument why would you support the…

A: The market for labor is the place where the labor power is offered and demanded at the…

Q: Economists sometimes disagree; why? Group of answer choices A. by not computing the opportunity cost…

A: The correct option is C. Normative statements are those which are related to 'what ought to be'.…

Q: Which of the following statements is normative?     Large government deficits cause an economy to…

A: In economics, the way a statement is written or explained is important to understand its validity…

Q: Economics who collect data and use it to test models are engaging in  a) normative economics b)…

A: Basics:- Normative economics:-  This segment of economics suggests the desired outcome on economics…

Q: Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a…

A: The economic approaches can be mainly studied under two categories- positive statements, that are…

Q: 36. Which of the following statements is FALSE?     a) positive economics focuses on the way the…

A: Positive economics(PE) deals with economic problems that are actually solved. It can be proved with…

Q: Q-4: Give an example of a positive statement and an example of a normative statement that somehow…

A: Answer-

Q: Q4) Fill in the blanks: Indicate whether the following statement is a positive or normative…

A: Positive Statements are those which are based on facts and figures and can be tested. These are…

Q: Economic models must mirror reality or they are of no value.  When economists make normative…

A: 1. The given statement is false. The economic models are considered as the simplifications of the…

Q: Categorize each of the following statements as being the result of either positive      economic…

A: In economic analysis, normative economic statements are the judgemental statements that can or…

Q: What is the difference between positive and normative analysis? Which of the following statements…

A: The positive analysis is an analysis that can be tested and developed. These statements are…

Q: Wealth is a means for obtaining material gains in human life. Wealth is of no meaning if it cannot…

A: The economics is studied due to problem of scarcity of resources. The desires of the people are…

Q: Please answer both I will rate Generally speaking, timber represents an exhaustible resource,while…

A: The economics is a vast area, where the study includes various branches. The economics is based upon…

Q: Classify each of the statements as an example of positive or normative analysis.. The sugar quota in…

A: The sugar quota in the United States costs consumers $6.08 billion a year. Correct Answer: Positive…

Q: Give a positive and a normative argument about why a business leader would oppose raising the…

A: Economics deals with the supply and demand of resources. Firms emerged as primary bodies responsible…

Q: Normative statements are... A) Prescriptive, whereas positive statements are descriptive. B)…

A: In general statements are of two types; positive statements and normative statements. Positive…

Q: A normative statement reflects opinions or beliefs, while a positive statement... Cannot be tested…

A: Economics is a branch of social science that deals with the production, distribution, and…

Q: ​Which of the following is a normative statement?   Group of answer choices   ​An increase in…

A: Economic frameworks as a sort of friendly framework should defy and tackle the three central…

Q: Why is it important to be able to distinguish positive from normative statements about economic…

A: Modern economics has usually two standard branches: positive and normative economics. Positive…

Q: The government should reduce the petrol prices as a solution to the problem of inflation. Determine,…

A: The economics is the social science that studies the allocation of scarce resources by the economic…

Q: Which of the following is an example of economic scarcity? College students only have enough time to…

A: Scarcity: - it is a very basic problem of economics that is related to the limited availability of…

Q: Identify the normative statement out of the following statements. 1) Sri Lanka has reported a…

A: 1.  Given the question is Identify the normative statement out of the following statements. 1) Sri…

Q: Which of the following statements is normative? a. Printing too much money causes inflation b. Gas…

A: There are two types of statements in economics: positive and normative statements. Positive…

Q: What are the principle characteristics of positive versus normative economic analysis

A: Positive economics refers to the objective analysis of real-world economic phenomena. It examines…

Q: Do economists have any particular expertise at making normative arguments? In other words, they have…

A: Both positive and normative economics are the branches of modern economics. The positive analysis…

Q: What are the advantages of the Malthusian Theory?

A: Malthusian Theory: The rise in the number of people and the strain it exerts on the resources of the…

Q: Which of the following statements is a normative statement? Inflation and unemployment in Brazil in…

A: The statements given can be either normative statement or positive statement.

Q: Classify nach of the followng statements as postive or normative Statement Pesitive Normative Fims…

A: Positive economics describes and explains various economic phenomena or the "what is" scenario.…