Question

In: Economics

One of the following statements is an example of a positive statement. Which one is​ it?...

One of the following statements is an example of a positive statement. Which one is​ it?
A.
Some people are too skinny.
B.
Every mother should be able to find affordable daycare.
C.
Workers must not be lazy.
D.
The price of oil is rising.
One of the following statements is an example of a normative statement. Which one is​ it?
A.
The minimum wage has stagnated for a decade
B.
Gasoline engines create air pollution
C.
Vote Democrat

Solutions

Expert Solution

Since a positive statement can be defined as a objective statements which can be tested, amended or rejected by considering the available evidence.

The normative economics Statement is based on the ideological, opinion and value judgments. Its main objective is to summarize people's desire to various economic developments and situations by asking that what should happen or what ought to be.

A.

Some people are too skinny.

Since this statement is an opinion of any individual. Hence this is a normative statement. Hence this is not a positive statement.

B.

Every mother should be able to find affordable daycare.

Since this statement is an opinion of any individual. Hence this is a normative statement. Hence this is not a positive statement.

C.

Workers must not be lazy.

Since this statement is an opinion of any individual. Hence this is a normative statement. Hence this is not a positive statement.

D.

The price of oil is rising.

Since this phenonmenon can be tested and verified.

Hence this is an example of a positive statement.

Hence option D is the correct answer.

2.

A.

The minimum wage has stagnated for a decade.

Since this phenonmenon can be tested and verified.

Hence this is an example of a positive statement.

B.

Gasoline engines create air pollution

Since this phenonmenon can be tested and verified.

Hence this is an example of a positive statement.

C.

Vote Democrat

Since this statement is an opinion of any individual. Hence this is a normative statement.

Hence option C is the correct answer.

Rahul Sunny answered 1 year ago
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