Asked by Olivia Anne Samonte on Jul 21, 2024
Verified
"The rate of unemployment is 9%." This statement:
A) is positive.
B) is normative.
C) involves a value judgment.
D) is a personal reflection and has no value in economics.
Positive
In the context of economic analysis, it often refers to a fact-based approach that attempts to describe how economic systems actually work without making judgments about their desirability.
- Master the fundamentals surrounding positive and normative declarations in the economic discipline.
Verified Answer
JG
Justin GeorgeJul 27, 2024
Final Answer :
A
Explanation :
The statement simply reports a measurable fact and does not involve any subjective opinion or value judgment, making it a positive statement.
Learning Objectives
- Master the fundamentals surrounding positive and normative declarations in the economic discipline.