Normative economics is:    a. An investigation or statement about the norms and culture of other countries.   b. An investigation or statement that attempts to describe how the world should be or ought to be.   c. An investigation or statement about the positive benefits of a given country.

Q: 1. Identify each of the following statements as either positive (P) or normative (N) a. The federal…

A: Positive statements are fact-based statements which can be tested whether it is true or false.…

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: Answer the following question..    "The Consumer Price Index increased by 4.2 percent in the first…

A: The statement shows that the consumer price index is increased by 4.2 percent. Consumer Price index…

Q: A politician states "taxes should be raised to provide more spending on school lunch programs." This…

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Q: Economics is defined as the study of: Select one: O a. central planning b. government regulation c.…

A: Economics have two main branches that are microeconomics and macroeconomics.

Q: Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Explain…

A: The Micro economics deal with economic problem at the micro level or individual level. While 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: The idea of _________ in economics is that we have unlimited wants but limited resources. (A)…

A: Answer: The right answer for the above mentioned statement is option : "B" Scarcity

Q: What is the market for bananas an example of? Select one: O a. Micro economics O b. Positivist…

A: MICRO ECONOMICS- micro economics implies the study of the aspect of economy at individual level.it…

Q: Suppose that one summer the weather is very hot. How does this event affect the market for ice…

A: Demand is the willingness and ability of consumers for consuming and buying goods and services at…

Q: For each statement, indicate whether it is a positive or normative statement. Provide your reasoning…

A: Positive analysis tests the reliability of hypothesis against facts. It could either be true or even…

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: Give one example each of a positive and a normative statement.  Use your own example and not one…

A: The value of economic fairness, or what the economy "should" or "ought to be," is that the focus of…

Q: What is Economics, and Why Is It Important? What is Studied in Microeconomics and Macroeconomics?…

A: “Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: economics explains economic phenomena according to their cause and effects Which economics explains…

A: Normative economies are used to explain real economic events from moral view point. It examines…

Q: Which of these statements best describes what microeconomics is? a. The study of National Income a…

A: Economics is the branch of knowledge which is concerned with production, consumption and…

Q: 1. For each of the following statements, determine if it is positive or normative. (a) Seattle is…

A: The given statements are either positive or normative. Positive statements are statements that are…

Q: Describe Economics as a Social Science and as an Applied Economics. What are the different tools…

A: Answer:-  1) Economics as a social Science:- The study of economics is a social science. This…

Q: Why do many think of normative economics as subjective?

A: Normative economics is a branch of economics which deals with the question about economy and what…

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: 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: What is economics and why is it a relevant subject?

A: Economics is the study of putting the scarce resources to the best possible use that would increase…

Q: The statement "government should provide affordable health care coverage for every member of…

A: In economics, we can undertake statements in two manners. One in which they are based on facts and…

Q: What does a normative statement describe?    A. how the world will be in the future  B. how the…

A: A normative statement is an ideological, prescriptive, and judgmental statement. It sets a standard…

Q: A.C. Pigou considered economics as A science of wealth B science of material well-being C science of…

A: Arthur Cecil Pigou considered economics as a study of materialism. He gave the relationship between…

Q: Normative economic statements? a. contain value judgements b. are usually irrational c. are…

A: In economics, we study how various economic agents like households, firms, and the state make…

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: 11. Who among the following are the important personalities in the field of Anthropology a. Edward…

A: Answer in Step 2 Note: As per bartleby guidelines i have to answer only first 3 part of questions…

Q: ether each of the following statements are positive or normative. positive statement normative…

A: Positive Statements :  The unemployment rate in 2009 was lower than it was in 2018.  The…

Q: 3. Is each of the following statements positive or normative? If the statement is positive, write a…

A: A normative statement expresses a value judgement. This is the speaker's opinion; no one can "prove"…

Q: Define positive and normative statements and give four examples of each.

A: Economics is a social science that is responsible for generating theories in addition to studying…

Q: What is the difference between positive and normative economic analysis? Give an example for each.

A: Positive economics focuses on the description(explanation) of the state of economy…

Q: The Department of family planning estimated that it would costs a middle-income family $550,530 to…

A: Given: Cost of raising a child from age 1-17=$550530

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: a good theory or model nat is an economic theory or model? What constitutes a "good" economic theory…

A: In economics, economic agents have to make rational choices so that the limited resources in the…

Q: What are the costs of attending a particular college or university? What are the costs of taking a…

A: Opportunity cost is the benefit forgone by not choosing the next best alternative. Opportunity cost…

Q: the government should spend less money to * take care of a national park they are making a positive…

A: Positive Economics can be thought of as dealing with the facts, which are true, and cannot be…

Q: a. In what ways is economics a science and why do economists make? b. What is the importance of the…

A: The social science of economics is defined as "the study of the production, distribution, and…

Q: Exaplain the difference between normative and positive economics. Give examples of normative and…

A: These two are the branch of Economics.

Q: What is the difference between disagreeing abouta positive statement and disagreeing about a…

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…

Q: For each statement, indicate whether it is a positive or normative statement. Provide your reasoning…

A: Factual statements are positive statements. Verification or test of statement is possible. The…

Q: Discuss the nature and importance of economics.

A: The interaction amoung people is considered as social activity and these activities are further…