PRINCIPLES OF ECONOMICS PKG >CUSTOM<
8th Edition
ISBN: 9781337699372
Author: Mankiw
Publisher: CENGAGE C
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Question
Chapter 2, Problem 9QR
To determine
Positive and normative statements.
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Chapter 2 Solutions
PRINCIPLES OF ECONOMICS PKG >CUSTOM<
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- What is the difference between positive and normative economic analysis? Give anexample for each.arrow_forwardFind one positive or one normative statement. Explain how you know they are either a positive or normative statement.arrow_forwardWhat is normative statement, explain with an example?arrow_forward
- What is the difference between positive and normative economics? Why are positive questions easier to answer than normative questions?arrow_forwardGive one example each of a positive and a normative statement. Use your own example and not one given in the book.arrow_forwardWhat are normative economicsarrow_forward
- What is the difference between positive and normative economics? How can knowledge of positive economics be useful in normative economics?arrow_forwardIt's a positive or normative statement? explain?arrow_forwardExplain the difference between positive and normative analysis. Provide an example of a normative statement or an example of a positive statement from a recent news story.arrow_forward
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