Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN: 9781285165912
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 2, Problem 6PA
To determine
Positive and normative statements.
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Find one positive or one normative statement. Explain how you know they are either a positive or normative statement.
What is the difference between disagreeing abouta positive statement and disagreeing about a normative statement?
3. Is each of the following statements positive or normative? If the statement is positive, write a normative statement about the same topic. If the statement is normative, write a positive statement about the same topic.
a.) For-profit prisons have led to a higher incarceration rate in the United States.
b.) The Washington Commanders should have chosen a cooler mascot.
c.) The use of human subjects in experiments should be subject to less oversight.
d.) If the U.S. privatized Social Security, it would reduce government deficits in the long run.
e.) Students should not be required to take exams.
Chapter 2 Solutions
Principles of Macroeconomics (MindTap Course List)
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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
- Answer the following question.. "The Consumer Price Index increased by 4.2 percent in the first quarter of this year." What type of statement is this? a. normative b. negative c. positive d. subjective e. biasedarrow_forwardGive four examples of normative and positive statementsarrow_forwardDetermine if the following statement is normative or positive: Households that participate in SNAP purchase more food than households that don't participant in SNAP. a. Normative b. Positive c. Both d. Neitherarrow_forward
- Give one example each of a positive and a normative statement. Use your own example and not one given in the book.arrow_forwardI need to find a normative statement on an economic issue from a politician or political action committee and explain why it is normative and not positive. Can you help me find this?arrow_forwardMicro VS Macroeconomics? Classify the following questions as Microeconomics or Macroeconomics and provide a justification for your choice. a) How will the market for melons be affected after Hurricane Dean? b) How much will the American economy grow this year? c) What are the factors which determine the choice that a person makes between buying a Honda Accord or a Toyota Corolla? d) What will the inflation rate be for Belize?arrow_forward
- Determine if the following statement is normative or positive: SNAP participants shouldn't be able to buy regular or diet soda. a. Normative b. Positive c. Both d. Neitherarrow_forwardDefine positive and normative statements and give four examples of each.arrow_forwardwhat is the difference between a positive statement and a normative statement?arrow_forward
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