which of the following statements is an example of a positive statement? course hero

Which is an example of a positive statement quizlet?

An example of a positive economic statement is, "An increase in the price of a product causes consumers to purchase more of that product."

Which of the following is an example of a positive economic statement?

Positive economics is analysis that generates objective descriptions or predictions about the world that can be verified with data. It is analysis that describes what people actually do. "A 5% fall in the unemployment rate will lead to a 2% increase in the inflation rate" is an example of a positive economic statement.

What is a positive statement quizlet?

Positive statement. Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence.

Which of the following is an example of a positive as opposed to normative statement?

Which of the following is an example of a positive, as opposed to normative, statement? When the minimum wage is increased, unemployment is a predictable consequence. positive economic statement.

Which is an example of positive statement?

Positive statements are thus the opposite of normative statements. 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".

Which one of the following statements is an example of a positive economic statement quizlet?

An example of a positive economic statement is, "An increase in the price of a product causes consumers to purchase more of that product."

What is an example of a positive statement and a normative statement?

The validity of a positive statement is verifiable or testable in principle, no matter how difficult it might be. Example 1: The weight of the earth is 6 septillion (6 × 1024) metric tons. Example: An increase in the minimum wage increases unemployment among teenagers. Normative statements contain a value judgment.

Which of these statements are positive and which are normative How can you tell the difference?

Positive statements are fact-based, but normative statements are based on opinions.

Which of the following is a positive rather than a normative statement quizlet?

Which of the following is a positive, rather than a normative, statement? Law X will reduce national income. Positive statements are descriptive; they make a claim about how the world is. However, normative statements are prescriptive; they make a claim about how the world ought to be.

What is a positive statement what is a normative statement What is the difference between positive statements and normative statements?

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.

Which is the best description of positive statements positive statements?

Answer and Explanation: The answer is A. Positive economic statements are those that are factual in nature and can be checked using data.

What is positive and normative statement in economics?

A positive economic statement is a statement that can be verified true or false. A normative economic statement is an opinion. It is a view that others may disagree with.