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What makes a statement positive rather than normative?
A
A recommendation for government policy supported by an economist’s preferences.
B
A claim about what is that can be tested against evidence and shown true or false.
C
A claim about what ought to be that rests on a value judgement.
D
A personal opinion about which economic outcome is most desirable.
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1.2.2 positive and normative statements (the distinction between facts and value judgements) Flashcards
23 flashcards on CIE Intl A Level Economics 1.2.2 positive and normative statements (the distinction between facts and value judgements): the key terms and definitions you need to recall.