Which of the following statements are positive, and which are normative? a. The minimum wage creates unemployment among young and unskilled workers. b. The minimum wage ought to be abolished.

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: 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: 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…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

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

A: A ceteris paribus assumption is frequently used in scientific research to rule out factors that…

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: Ben says that "An increase in the tax on beer will raise its price." Holly argues that "Taxes should…

A: Positive economics is a surge of financial matters/economics that centers around the portrayal,…

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

A:

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

A: A production function represents the technical relationship of the manufacturing output with the…

Q: The interactions of producers and consumers in individual markets are part of the study of…

A: Microeconomics and Macroeconomics are the two important branches of study of economics.

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 are normative economics

A: There are two parts of Economics positive economics and normative economics. Positive economics…

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

A: Economics is based on two concepts wherein the theoretical part is divided into positive and…

Q: How can we apply economics to everyday life situations? Define Economics? Identify reasons for…

A: Defining Economics: Economics is a combination of two Greek words, eco meaning household and nomos…

Q: Which of the following statements are examples of positive economic analysis? Which are examples of…

A: There exist two types of economic statements they are positive and normative statements. A positive…

Q: Which of the following is an example of a microeconomic issue? A.  The unemployment rate is…

A: Individual economic units are studied in microeconomics. Macroeconomics is an economics branch that…

Q: What is the difference between positive and normative economics? Why are positive questions easier…

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

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: What three institutions influence economics the most? Explain how each influences economics and…

A: Economics is referred as a social science. The word 'Economics' is originated from the GREEK word…

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

A: Answer: Introduction of explanation: Marginal analysis is a method of making decisions based on the…

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: In economics, the difference between normative and positive is that: -normative economics focuses…

A: Normative economics is a statement based on value judgement. Positive statement is just a statement…

Q: Which of the following three statements are normative O Congress gives too many tax breaks to…

A: In economics, a statement is considered as a normative statement when it needs value judgement and…

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

A: In society, people have to choose because of limited resources and unlimited wants. Economics study…

Q: 2. Highlight for the answer: for each (a- d) statement as Positive/Normative. a. The price of…

A: The economics is the study of society and the individuals. It shows how the people earn their…

Q: Q7. Philosophers draw a distinction between positive statements, which describe the world as it is,…

A: Economists are the people who study different economic models and theories.

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

A: The consumer price index states  as the weighted average market of services and goods by households.…

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: 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: 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: 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: 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: 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: 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…