What is the difference between normative and positive, Ask an Expert

Economics

What is the difference between normative and positive statements?

a. Positive statements involve subjective value judgments; normative statements try to be objective.

b. Normative statements are concerned with what is; positive statements are all about what the goals of the economy should be.

c. Positive statements originate from classical economics; normative statements are rooted in Keynesian economics.

d. Positive statements are all about what is; normative statements are concerned with what the goals of the economy should be.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91723675

Have any Question?Write your Review or question?

Related Questions in Business Economics

Compute the probability for a random variable x with

Compute the probability for a random variable X with µ=10 and σ=2. Calculate P(X

What steps do i take to calculate at what prices would

What steps do I take to calculate, At what prices would Google have to close in order for it to be considered statistically unusual? You will have a low and high value. Use the definition of unusual from the course textb ...

Questionuse the data in the table which lists drive-thru

Question: Use the data in the table, which lists? drive-thru order accuracy at popular fast food chains. Assume that orders are randomly selected from those included in the table. Restaurant A- Order accurate - 331 Orde ...

Find the mean and the standard deviation of a binomial

Find the mean and the standard deviation of a Binomial Distribution with n = 65 and p = 0.32 Mean = 24; Stand. Deviation= 4.1 Mean = 20.8; Stand. Deviation= 3.76 Mean = 28; Stand. Deviation= 3.66 Mean = 21.8; Stand. Devi ...

Consider the following series of paymentsyear 0 20year 1

Consider the following series of payments: Year 0: 20 Year 1: 30 Year 2: 40 Year 3: 10 Year 4: 5 Using an interest rate of 10%: a. What is the present value of this series of payments? b. What is the future value of this ...

For assumption of regression the four assumption linearity

For assumption of regression, the four assumption, linearity, independence, no multicollinearity, equal Variance, which one cannot be detected by any means?

What does an increase in the savings rate do for a countrys

What does an increase in the savings rate do for a country's output? Why doesn't every country do that?

Regional blocs like the eu are straining the british have

Regional blocs like the EU are straining. The British have voted to Brexit! What has caused the tension and what does the future hold - for Brexit and beyond?

In the late 1800s the us dollar was on a bi-metallic

In the late 1800s, the U.S. Dollar was on a bi-metallic standard. According to the official standard, one ounce of gold was worth 16 ounces of silver. However, on a free market the trading ratio of silver to gold was aro ...

A college has 220 full-time employees that are currently

A college has 220 ?full-time employees that are currently covered under the? school's health care plan. The average? out-of-pocket cost for the employees on the plan is ?$1,940 with a standard deviation of ?$520. The col ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert