For each statement, indicate whether it is a positive or normative statement. Provide your reasoning in one sentence. a) High interest rates must be the standard going forward. b) Government subsidized daycare improves the economy. c) Limits on pollution hurt the economy and protects the environment.

Q: Find one positive or one normative statement. Explain how you know they are either a positive or…

A: One positive statement : Moffatt cited similar problems in Alaska, home to a national dividend fund…

Q: Which of the following is a positive, rather than a normative, statement?a. Law X will reduce…

A: There are two types of statements in economics, which are : Positive statement or positive economics…

Q: normative economics define and give example

A: Normative economics: - Normative economics is that branch of economics that passes value judgments…

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: Which one of the following statements is positive (as opposed to normative)? O Jimmy prefers rock…

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Q: Provide two microeconomic statements and two macroeconomic statements. Classify your statements as…

A: The economics as a study is based upon the working of the scarce resources in the economy where the…

Q: what is the difference between a positive statement and a normative statement?

A: According to economists, there are two types of activities within an economy. On the one side, there…

Q: Identify from the situation positive and normative economics and give your reasons.

A: Positive and normative economics are the two disciplines of modern economics.Positive economics…

Q: What is the difference between normative and positive statements?

A: Positive statement: - positive statements are those statements which described the things as it is…

Q: Would a good economic model be more likely to address a positive statement or a normative statement?…

A:

Q: Which of the following statements are positive, and which are normative? a. The minimum wage creates…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Factors of production are normative are studied primarily in represent the classification of…

A: Factors of production are the economic resources that are used to produce goods and services in an…

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 is a normative economic statement?   a. If we doubled the size of welfare…

A: A normative economic statement refers to "what ought to be" or it assesses an activity and offers…

Q: "Mexico did well to break with Cuba. Enough, it was time. Cuba must allow the entrance of the UN…

A: The branches of economics are positive and normative economics. Positive Economics aims to…

Q: Determine if the following statement is normative or positive: Households that participate in SNAP…

A: SNAP: SNAP advances long-haul wellbeing and prosperity, particularly for kids. Research shows that…

Q: Which would be a normative economic statement? C The poverty rate hit a new high last year C Prices…

A: Answer -  Normative Economic Statement : - It is statement that indicates opnion of an individual .…

Q: Determine if the following statement is normative or positive: Households that participate in SNAP…

A: Positive Economic: The positive economic deals with the issues or things as they exist. It studies…

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: Which of the following is a question answered with normative economic reasoning? O If the college…

A: Positive economic statements:  A positive economic statement is based on empirical data and facts,…

Q: What is normative statement, explain with an example?

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Q: Differentiate between normative and positive economics ?

A: Positive economics: It is all about the economic issues that were there in the past, are there in…

Q: Explain the difference between positive and normative analysis, backing your explanation with…

A: Positive analysis: - positive analyses are those statements which described the things as it is and…

Q: Economics is all about trade offs. What is the opportunity cost for a typical student pursuing a…

A: According to Adam Smith, economics  is defined as “an inquiry into the nature and causes of the…

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: Analyze the positive versus normative arguments in the following case. Give an example of positive…

A: A positive statement states a fact. In this case the positive statement could be: ‘Air Bags add an…

Q: Jim is at an all-you-can-eat buffet and is considering whether or not to get another plateful of…

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Q: What is a Positive or Normative statement. 1. The moon is made of green cheese. 2. I think…

A: Positive economics majorly dealt with what is happening to the macroeconomic variables or what is…

Q: Which of the following statements does NOT illustrate normative economic thought? a. Monopolies…

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Q: Which of the following assertions is NOT a basic economic assumption? a. People act rationally. b.…

A: Economics is all about assumptions, it is related to production, distribution, scarcity, consumption…

Q: When we say ceteris paribus, it means all other things remain equal all other things remain positive…

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Q: The statement "what's good for General Electric is good for the nation" is an example of: disguising…

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Q: A union leader states that: "The government should provide subsidies to unemployed workers…

A: The statement which is subjective and based on value judgements and assumptions. Providing any view,…

Q: Are the following statements positive or normative statements? v 1. The United States was founded in…

A: Positive statement: - positive statements are those statements that described things as it is and is…

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: Problem 1 Is each of the following a positive or normative statement? If it is a positive statement,…

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Q: Explain the difference between positive and normative economics Consider the following two…

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Q: Which of the following is an example of a normative statement? A. An increase in the minimum wage…

A: Consider the positive and normative statement definitions Positive statement: it tells us how the…