Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 2 - Part I - Thinking Like an Economist - Problems and Applications - Page 36: 6

Answer

a.positive deals with how economy is, not how it should be. b.positive c.normative statement tells how society should be d.normative e.positive

Work Step by Step

Positive statements are based on facts and evidence. Normatives are based on opinions
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