Which of the following is not correct? Group of answer choices a Positive statements can, in principle, be confirmed or refuted by examining evidence. b Evaluating statements about how the world should be involves values as well as facts. c Normative statements can be judged using data alone. d Deciding what is good or bad policy is not just a matter of science.

Q: Positive economics is the focus on facts and cause-and-effect behavioural relationships and includes…

A: The two branches of modern economics are: Normative economics and Positive economics. Positive…

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

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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: true or false Economic models must mirror reality or they are of no value.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The unemployment rate of Oman is measured as 2.55% in 2020, which is lower than the rate of India.…

A: A positive statement is one that can be tested and verified and is not based on a value judgment.…

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: The fact that human wants cannot be fully satisfied with available resources is called the problem…

A: According to the given question The fact that the human wants cannot be fully satisfied with the…

Q: Distinguish between a positive statement and a normative statement and provide 2 examples of each

A: Positive statements and negative statements are the two different way of thinking about economic…

Q: fusing horizons of diverse perspectives and views, what are two-possible positive consequences?

A: The leadership of the entire system is rooted in diversity. The system-wide approach thrives by…

Q: COVID-19 has disturbed the overall economies of the world. Whether its developed or underdeveloped…

A: In economics, different theory helps in understanding the nature of the situation and helps in…

Q: Explain why economists disagree on many issues. Give at least two examples of problems upon which…

A: The study of economics deals with the allocation of scarce resources in a manner that most of the…

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: 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: Market competition ends when there is no buyer-versus-buyer competition and no seller-versus-seller…

A: Microeconomics studies the economic behavior of individual units such as a firm, a market, a…

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: Pros and cons of classical school of thought

A: The Classical school's key theory was that markets perform best when they are left alone, and that…

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: 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: Which of the following is not correct? Select one: a.Evaluating statements about how the world…

A: b. Normative statement can be judged using data alone

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: 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: Would a good economic model be more likely toaddress a positive statement or a normative statement?…

A: A positive statement is that statement which explains the actual phenomenon of the subject. These…

Q: Question 3 Which of the following is a normative statement? Without active fiscal policy, a nation…

A: Note: Since you've asked multiple question, we will solve the first question for you. If you want…

Q: QUESTION 28 Fl in the blank using the number that corresponds to the correct word or phrase in the…

A: The emphasis on opportunity cost, the assumption of maximization in terms of one's own…

Q: Microsoft looked to restructure in part as a response to external pressure from increasing…

A: Basics:- Open System Approach:- In this way, an organization is influenced by its environment…

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: When it comes to advice being given to policy makers, economists may offer conflicting advices for…

A: Policy makers while taking advice from different economist’s always face conflicts for determining…

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: 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: 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 is the distinction between positive and normative economic analysis? Can you explain with both…

A: There are two modern branches of the economics which are positive economics and normative economics.…

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: Economic models a) are precise replication of the real world  b) answer virtually unlimited…

A: An economy is a collection of organizations and structures that aid in the production and…

Q: True/False A Well tested or widely accepted economic theory is often called an economic principle

A: According to the given question Simply we can say that economic principles are those principles…

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…