Labor Economics
7th Edition
ISBN: 9780078021886
Author: George J Borjas
Publisher: McGraw-Hill Education
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Question
Chapter 1, Problem 4RQ
To determine
Identify the difference between positive and normative economics.
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What is the difference between positive and normative economics? Why are positive questions easier to answer than normative questions?
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Labor Economics
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- Find one positive or one normative statement. Explain how you know they are either a positive or normative statement.arrow_forwardDo economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?arrow_forwardWhat are three textbooks definition of economics?arrow_forward
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