Positive or normative statements?
Label each of the following statements as a positive or a normative statement. a) We should support the market because it is efficient.. b) The distribution of income should be left to markets. c) It is not good for the federal government to create a budget deficit. d) Inflation rate has been rising for the last two years. e) One in every five children in the United States is living in poverty.
Normative and positive statements?
Hello, The following table contains statements that provide some analysis of policies that address globalization. Categorize each statement as positive or normative. 1-In the past decade, U.S. companies have outsourced millions of jobs overseas. 2-Companies that outsource jobs are acting immorally. 3-If the U.S. government were to institute higher tariffs on imports, companies would stop outsourcing jobs. 4-The U.S. government should institute higher tariffs on imports. I think #3 is positive and #4 Normative. I don't know about #1 and #2. can someone help me? thanks
Marks: 2 Which of the following is a normative economic statement?
Marks: 2 Which of the following is a normative economic statement? Choose one answer. a. The Federal budget surplus rose by 10 billion dollars b. A fall in the unemployment rate is expected next month c. A trade deficit of 20 billion dollars will harm the economy d. The Federal funds rate was reduced by half a percentage point
Identify whether the following statements are positive or normative economic statemk?
Identify whether the following statements are positive or normative economic statements, and explain why you categorized them in that way. a. “The best way to improve the economic situation would be to decrease the unemployment rate by decreasing the interest rate.” b. “The government increased taxes in order to decrease the budget deficit and improve economic growth.” c. “The tax on business decreased production in some industries in the short run.” d. “The government should pursue a low-inflation policy by restraining the growth of the money supply.”
Are these Positive or Normative Statements?
1. Taxes are too high 2. If taxes were lowered, government revenues would actually increase 3. It is immoral for the government to redistribute from one person to another 4. When the government taxes the rich and gives the money to the poor, it gives the rich an incentive to hide their earnings from the government
What are the four examples of a normative statement?
Not sure if you are talking about economics or philosophy…But for economics, it is more like an opinion based statement, it can't be proved wrong or right. Different from positive statement, which is truth.So the examples could be “universities should be tuition-free”, “insurance industry could disappear when autonomous viechle becomes popular ”, “people should earn more when financial crisis comes”, “government can give citizens free healthcare intuition”… and so on.Anyways, some sentences include “should could can" are basically normative sentences.
What are 2 ways a normative statement can be changed to an empirical statement?
Normative statement: “The life on earth would be better if there would be no moon phases.”.Empirical statement: “It can be and has been observed that during full moon phase, people are much more likely to get into some sort of disaster, thus it is very likely that if there would be no moon to influence people, likelihood of disasters every month would lower, which is good thing.”.So, what you basically should do, is explain the basis of your statement, substantiate your statement with some sort of empirical evidence.In that first statement, I expressed subjective opinion, that just thrown out like that, in the minds of different observers result in different interpretation. It is vague and conversational.On the other hand, if you point out specific observation and connection with certain result, you are no more vague and subjective, but you step into factual grounds and become much more reasonable by giving empirical statement.
HELP! Categorize each of the following statements about financial crisis.....?
The following statements provide some analysis of policy regarding the financial crisis of 2007. Categorize each of them as positive or normative. Statement - the financial crisis was caused by faulty mathematical models which encouraged excessive risk taking 2) the lack of effective regulation contributed to a risk seeking culture in the financial services industry 3) Cenral Banks should have imposed tighter regulations on banks to prevent the financial crisis 4) the financial crisis was caused by bankers being too greedy
What are some examples of positive and normative statements?
Positive Economics would be a statement like the global economy has risen by 3% in the last year (This is not true)Normative Economics would be a statement saying the government should be allocating more funds into welfare.Normative - OpinionsPositive - Facts(This image belongs to Market Business News)
A little help? Are these statements Positive or Normative statements?
They seem to be testable, but the presence of the word "should" suggests they are normative statements to me. What do you guys think? 1. Lower interest rates should cause increased spending in construction. 2. Students who study more are better students. 3. Higher cigarette taxes should decrease smoking.