Essentials of Economics (MindTap Course List)
8th Edition
ISBN: 9781337091992
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 2, Problem 9QR
To determine
Positive and normative statements.
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what is the difference between a positive statement and a normative statement?
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What is the difference between positive and normative economic analysis? Give anexample for each.
Chapter 2 Solutions
Essentials of Economics (MindTap Course List)
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- Differentiate between normative and positive economics ?arrow_forwardFind one positive or one normative statement. Explain how you know they are either a positive or normative statement.arrow_forwardWhat is the difference between positive and normative economics? Why are positive questions easier to answer than normative questions?arrow_forward
- What is the difference between positive and normative economics? How can knowledge of positive economics be useful in normative economics?arrow_forwardExplain the difference between positive and normative analysis. Provide an example of a normative statement or an example of a positive statement from a recent news story.arrow_forwardExplain the difference between positive and normative economics with example.arrow_forward
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