Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 2 - Thinking Like an Economist - Quick Check Multiple Choice - Page 35: 6

Answer

a.) Law X will reduce national income.

Work Step by Step

A positive statement makes a claim about how the world is, while a normative statement makes a claim about how the world should be. Positive statements can be confirmed or refuted using evidence, while normative statements involve values and ethics.
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