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In: Economics

Is the following a positive or normative statement? In nations with more generous economic welfare policies,...

Is the following a positive or normative statement? In nations with more generous economic welfare policies, unemployment rates are generally higher.

Question 7 options:

	Normative
	Positive

Is the following a positive or normative statement? The United States government should produce affordable housing units.

Question 8 options:

	Normative
	Positive

Is the following a positive or normative statement? Nations with high GDP per capita are generally wealthier, healthier, and happier.

Question 9 options:

	Normative
	Positive

Is the following a positive or normative statement? The United States government should adopt employ active fiscal policy during recessions.

Question 10 options:

	Normative
	Positive

Expert Solution

1.Positive

Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence. Positive economics deals with objective explanation and the testing and rejection of theories. This statement explains how the economy is . It says that economies with higher economic welfare policies have high unemployment rate.

2. Normative

A normative statement is a statement that stresses an opinion or belief that cannot be readily tested. They generally suggest a mindset that certain things should happen in order for the world to be better. This statement gives opinion that US should produce more housing units.

3.Positive

This again explains that how the economy is .It means that nation with high GDP are wealthier, healthier and happier.

4.Normative

Again this statement gives suggestion or opinion that US government should adopt active fiscal policy during recession.

Rahul Sunny answered 2 years ago

Welfare economics provides a framework for evaluating the impact of normative statement or government policies. Explain...

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Which of the following is a positive statement and which of the following is a normative statement?

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