Sort the following based on whether the statement is a normative or a positive statement.
Pollution is the most serious economic problem.
In a survey of 464 economists, only 6.5% disagreed with the statement “A ceiling on rents reduces the quantity and quality of housing available.”
Unemployment is more harmful than inflation.
A fall in incomes will lead to a rise in demand for own-label supermarket foods.
Government should provide basic healthcare to all citizens.
Government-provided healthcare increases public expenditures (spending).
“The distribution of income in the U.S. should be more equal.”
A car scrappage scheme will lead to fall in the price of second hand cars.
The U.S. unemployment rate is 5.1%
The U.S. unemployment rate should be lower
Normative Statement
Positive Statement