Feb 16, 2013 · Which of the following is a positive economic statement? a. Reducing unemployment should be the highest priority of the federal government. * b. An increase in unemployment benefits will increase the unemployment rate. c. Corporations should be prohibited from laying off workers during a recession. d.
Which of the following is a statement of positive economics? a. Government control of rent is a fair way to help poor people afford housing. b. Government control of rent keeps landlords from charging too much rent. c. Government control of rent decreases the number of new apartments constructed. d. Government control of rent is an injustice.
Oct 03, 2021 · 9. The production possibilities frontier shows that: A. scarcity can be eliminated. B. all output combinations are possible. C. an economy that is operating efficiently can have more of one good without giving up some of another good. D. some of one good must be given up to get more of another good in an economy that is operating efficiently. D ...
which of the following is a positive economic statement? Positive economic statements are statements of fact that imply no value judgment. Notice that the correct response merely stated what would happen if minimum wage went up and made no statement about whether that was good or bad.
Positive economics is objective and fact-based where the statements are precise, descriptive, and clearly measurable. These statements can be measured against tangible evidence or historical instances. There are no instances of approval-disapproval in positive economics.
Positive statements are based on empirical evidence. For examples, "An increase in taxation will result in less consumption" and "A fall in supply of petrol will lead to an increase in its price".
A positive economics example is a statement, “Government-funded healthcare surges public expenditures.” This statement is based on facts and has a considerable value judgment involved in it. Therefore, its credibility can be proven or dis-proven via a study of the government's involvement in healthcare.
Positive Economics. The analysis of facts or data to establish scientific generalizations about economic behavior. Normative Economics. The part of economics involving value judgements about what the economy should be like; focused on which economic goals and policies should be implemented; policy economics. Economics.
Positive Economics is that perspective of economics which studies the facts of life. It deals with things as they are. It does not focus on how things should be instead of how it should be or trying to alter it. Positive economics is a contrasting perspective as compared to normative economics.
An example of a positive economic statement is, "An increase in the price of a product causes consumers to purchase more of that product."
Positive Economics refers to a science which is based on data and facts. Normative economics is described as a science based on opinions, values, and judgment. Positive economics is descriptive, but normative economics is prescriptive. Positive economics explains cause and effect relationship between variables.
A normative statement is one that really is a matter of opinion, maybe a matter of ethics, something that someone thinks is how the world should be. While a positive statement is something that, it doesn't necessarily have to be true but it's something that can be tested.
Positive economics is the branch of economics that concerns the description, quantification and explanation of economic phenomena. It focuses on facts and cause-and-effect behavioral relationships and notes that economic theories must be consistent with existing observations.Jul 24, 2021
Positive economics entails an objective analysis of an economy. It makes future projections using facts and cause-and-effect behavioral relationships between factors of the economy. Understanding the positive economics studies and analysis of an economy is important when making crucial decisions.Jun 30, 2021