Q7. Philosophers draw a distinction between positive statements, which describe the world as it is, and _S, which describe how the world should be. A. normative statement B. budget constraint C. trade-off D. opportunity cost

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

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

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Q: State (a) a positive economic statement of your choice, and then (b) a normative economic statement…

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Q: 1. What do you call the condition in which our wants are greater than our limited resources? C.…

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

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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…

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Q: . Explain why scarcity leads to tradeoffs

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

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

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Q: 1.1 Factors of production A. are normative concepts. B. are studied primarily in microeconomics. C.…

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

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

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Q: Positive or Normative?

A: Unemployment benefits are the benefits that the government provides to eligible unemployed people.

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

A: Answer-

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

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

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: "The Consumer Price Index increased by 4.2 percent in the first quarter of this year." What type of…

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Q: . Which of the following is a normative statement? a. An increase in taxes raises the price of a…

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Q: Can you help me provide a normative statement and an example of a positive statement from a recent…

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Q: 6. a term referring to the fact that for many goods, as the level of production increases, the…

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

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

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

A: Positive statement is the statement that tells as it is. For example, the inflation in the economy…

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

A: Positive and Normative statement Positive statements are based on facts, whereas normative…

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…