Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 1 - Limits, Alternatives, and Choices - Questions: 6

Answer

Positive Statement: Government provided healthcare increases government spending. Normative Statement: The Government should provide basic healthcare to all.

Work Step by Step

A positive economic statement focuses on facts and cause and effect relationships. Government provided healthcare causes an increase in government spending. This can be proven or disproven by looking at government spending records. A normative economic statement incorporates value judgments about the economy. The government should provide basic healthcare to all is an objective statement regarding the government and it's spending.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.