Examples of Normative Statements in Economics
Examples of Normative Statements in Economics
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Positive and Normative Statements [Head Start in A-Level Economics]
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Examples of positive statements in economics
Examples of positive statements in economics
Jul 13, 2018
freeeconhelp.com
Which of the following statements is a positive statement? Which is a normative statement?X: The minimum wage should be high enough that families will not live in poverty.Y: The federal minimum wage is increasing to 8.50 an hour.O X is positive: Y is positiveO X is normative; Y is normativeO X is normative; Y is positiveO X is positive; Y is normativeSuppose that France and Germany both produce wine and schnitzel. The table below shows combinations of the goods that each country can produce in a
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Positive and Normative Statements
Positive and Normative Statements
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SOLVED:Which of the following statements are positive and which are normative: a An increase in productivity will increase living standards. b The government should raise taxes and spend the money on providing additional healthcare services. c Unemployment is efficient under some circumstances. d Everyone should give to charity.
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