The emergence of Covid-19 should affect developing countries more adversely than technically advanced nations such as the United States. This statement is best described as a. a normative statement b. a theoretical statement c. a positive statement d. a microeconomics statement

The emergence of Covid-19 should affect developing countries more adversely than technically advanced nations such as the United States. This statement is best described as a. a normative statement b. a theoretical statement c. a positive statement d. a microeconomics statement

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section2.2: The Economist As Policy Adviser

Problem 2QQ

See similar textbooks

Related questions

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: Bioethics is a branch of: a. biosphere studies b. new ethics c. applied ethics d.…

A: Bioethics is the study of moral concerns that arise as a result of breakthroughs in biology,…

Q: Determine if the following statement is normative or positive: SNAP participants shouldn't be able…

A: In economic analysis, presentation of a statement explains its relevance, reliability, and validity…

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: Discuss economics as a social science

A: Economics is the study of behavior of consumers, producers, households and business.

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: List and discuss three of the better known normative standards income distribution.

A: The measure to which the authorities should transfer income from people with greater income to those…

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: 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: 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: Which of the following is a normative statement? Group of answer choices Forty percent of the public…

A: Unemployment is the situation when an individual is looking for a job but faces difficulty to find…

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

A: Answer-

Q: Determine whether each of the following statements is positive or normative. (Remember that…

A: The positive and normative economics are two different types of economic analysis where positive…

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: 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: ACTIVITY TO DO: ESSAY: Explain the question in five (5) sentences 1. Identify which of the following…

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

Q: Which of the following is a normative economic statement? a. The national unemployment rate in…

A: Normative statement is a statement that is subjective in nature and is based on one's opinion and…

Q: Economic is a social science that is considered a precise art.

A: The study of societies and the relationships among persons within those communities is referred to…

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

A: The normative statement is the subjective statement in which valued judgment is passed on the…

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

A: The General power service (GE) is an international conglomerate headquartered in Bean Town and…

Q: The rich should pay higher income tax rates than the poor" is an example of a_________. a. Normative…

A: A normative statement is opinion-based and it says a value judgement if the statement is desirable…

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 are examples of positive economic analysis? Which are examples of…

A: Positive analysis is objective, renders itself to empirical validation and answers "What is".…

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: Which of the following statement is a positive statement? a. More students should study economics.…

A: Economic statements help in understanding the meaning of different statements that are made by…

Q: Determine if the following statement is normative or positive: Americans should have access to food,…

A: Positive economics is a stream of economics focused on identifying, quantifying, and explaining…

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: 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: A 5 percent fall in the unemployment rate will lead to a 2 percent increase in the inflation rate"…

A: Positive economics are those statements that are based on facts, actual data, and empirical…

Q: What are the other forms of basic economic studies? Define each.

A: Economics can be divided into two branches . 1- Microeconomics: It is the narrow concept that…

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…

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.…

Question

The emergence of Covid-19 should affect developing countries more adversely than technically advanced nations such as the United States. This statement is best described as

a normative statement

a theoretical statement

a positive statement

a microeconomics statement

Study of decisions made by households and business firms at an individual level. It includes several laws and theorems related to demand, supply, production, allocation of resources, and prices.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

COVID-19 has disturbed the overall economies of the world. Whether its developed or underdeveloped countries, all are trying to take precautionary measures to save their citizens. The problem is that taking this matter serious is a challenge in underdeveloped nations as due to lack of education, people are not taking care of others by maintaining social distancing. This is the example of ________________. a. Positive theory b. Law of the world c. None of the options d. Normative theory
Which of these is a normative statement? a. The gross domestic product of Kuwait increased by 3% last year. b. Japan has 1% inflation rate c. The government should increase taxes to improve government services. d. Poor countries have unemployment rate of around 6%
Determine whether each of the following statements is positive or normative. (Remember that apositive statement isn’t necessarily correct; it justmakes a factual claim rather than a moral judgment.People who pay their bills on time are lesslikely than others to get into debt.b. Hard work is a virtue.c. Everyone should pay his or her bills on time.d. China has a bigger population than any othercountry in the world.e. China’s One-Child Policy (which limitsfamilies to one child each) helped to spur thecountry’s rapid economic growth.f. Lower taxes are good for the country
Economic models a) are precise replication of the real world b) answer virtually unlimited numbers of questions c) result in normative statments d) make assumptions to simplfy things in comparasionwith real world
Normative statements are... A) Prescriptive, whereas positive statements are descriptive. B) Descriptive, whereas positive statements are prescriptive. C) Backward-looking, whereas positive statements are forward-looking. D) Forward-looking, whereas positive statements are backward-looking.
Assistant Professors earn more than Instructors. This statement is a: A. Positive statement B. Normative statement
Is the following positive statements or normative statements? I. "Earnings increase with education because education raises a worker's productivity." II. The taxes imposed on gasoline in Barbados is excessive and inequitable to motorists. III. A decrease in income will result in a fall in the demand for motorcycles. IV. Rising flour prices will increase the price of bread. V. The government is more concerned with inflation than unemployment. VI. People are worried about the effects of joining the OAS
A normative statement reflects opinions or beliefs, while a positive statement... Cannot be tested is based on facts Reflects only positive opinions Is always true
true or false Economic models must mirror reality or they are of no value. When economists make normative statements, they are more likely to be acting as scientists. If a country's worker can produce 5 hamburgers per hour and 10 bags of fries per hour, then absent trade with other countries,the price for 1 bag of fries is 2 hamburgers. If trade benefits one country, it's trading partner must be worse off due to the price of trade. If an advanced country has an absolute advantage in the production of everything(relative to certain less developed countries), the advanced country will benefit if it eliminates trade with less developed countries and becomes self sufficient.
The government should reduce the petrol prices as a solution to the problem of inflation. Determine, what type of statement is this? a. Normative statement b. Positive statement c. Negative statement d. Mixed statement
The rich should pay higher income tax rates than the poor" is an example of a_________. a. Normative statement b. Theory statement c. Positive statement d. Descriptive statement
Normative economic statements? a. contain value judgements b. are usually irrational c. are easily testable d. violate the law of ceteris paribus