Which of the following statements are positive , and which are normative ? (2).

Question

Which of the following statements are positive, and which are normative?

(2). The minimum wage should be abolished.

(3). If the price of a product in a market decreases, quantity demanded will increase.

(4). A little bit of inflation should impose higher costs on society.

(5). There is a tradeoff between inflation and unemployment in the short run.

(6). If consumer income increases, the demand for automobiles will increase.

(7). The U.S. income distribution should be better in the future.

(8). U.S. workers should get more liberal unemployment benefits.

(9). If interest rates increase, investment will decrease.

(10). If welfare benefits were reduced, the country would be better off.

Explanation / Answer

positive science is concerned with 'how and why' and normative science with 'what ought to be'.

Under positive science it would be looked into as to why interest rate has gone up and how can it be reduced whereas under normative science it would be seen as to whether this increase is good or bad.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.