Micro 1.1-Normative vs. Positive Sort #1

Last updated 11 months ago

1 question

Def. 1
Economists frequently distinguish between 'positive' and 'normative' economics. Positive economics is concerned with the development and testing of positive statements about the world that are objective and verifiable. Normative statements derive from an opinion or a point of view.

Def. 2
Positive statements are statements about economics which can be proven true or false by evidence. Normative statements are statements which cannot by supported or refuted as they are value judgements, i.e. Opinions, about how economies and markets should work. ... Normative economics is concerned with value judgements.

Mr. B's Definition....

Normative Statement...You want society to normalize to your thinking...which is opinionated. "SHOULD" or "OPINION"
Positive Statement....You make a claim which can be positively verified with fact. "DATA" or "ACCEPTED THEORY"

Micro 1.1-Normative vs. Positive Sort #1

Micro 1.1-Normative vs. Positive Sort #1

Sort the following based on whether the statement is a normative or a positive statement.