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What is the difference between a positive and a normative statement Give an example of
Chapter 2, Problem Questions for Review 2.9(choose chapter or problem)
QUESTION:
What is the difference between a positive and a normative statement? Give an example of each.
Questions & Answers
QUESTION:
What is the difference between a positive and a normative statement? Give an example of each.
ANSWER:Step 1 of 3
In economics, positive and normative statements are widely used to identify the nature of any statement or what the statement is actually projecting. Both of these are part of economic statements, which tend to influence many factors, for which the policymakers and analysts often use them in myriad ways.