Asked by Vania Grace on Jun 13, 2024
Verified
Which type of statement - positive or normative - can be evaluated by analyzing data alone?
Positive Statement
An objective and fact-based statement or claim that describes how the world actually is, as opposed to what it should be, often used in economic analysis.
Normative Statement
A value judgment that expresses an opinion or belief about what ought to be, rather than statements of fact.
- Gain understanding of the variances between positive and normative economic pronouncements.
Verified Answer
AA
Learning Objectives
- Gain understanding of the variances between positive and normative economic pronouncements.
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