Homework Answers
Normative statement are those which are just opinions and these statements are not backed by the numbers, positive statements are facts that are backed by numbers and can be proved.
a) this is a positive statement as this is backed by the numbers and can be verified in the market.
b) this is a positive statement as this is backed by the numbers and can be verified in the market.
c) this is just an opinion on what the government policy should do therefore it will be considered as a normative statement.
d) this is also an opinion hence a normative statement.
e) this is a positive statement.
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14. Indicate and explain whether each of the following is a positive or normative statement a....
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6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Positive...
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6. please (d) are the focus of macroeconomics. 5. Which of the following is an example...
6. please
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6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Statement The government must take action to reduce the unemployment rate. Society faces a short-run trade-off between inflation and unemployment. A reduction in the rate of money growth will reduce the rate of inflation. Limiting unempioyment benefits to only two years increases the incentive to look for jobs The government should provide basic healthcare to all citizens. Positive Normative Grade It Now Save &
6. Problems and Applications Q6 Classify each of the following statements as positive or normative. Positive Normative Statement A reduction in the rate of money growth will reduce the rate of inflation. Lower tax rates encourage more work and more saving Policy makers face trade-off between equality and efficlency. The government should limit unemployment benefits to last for only two years. Economic development should not take place at the expense of social justice.
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6. please
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