Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 2 - Part I - Thinking Like an Economist - Questions for Review: 9


A positive statement is: unemployment is increasing in a country. A normative statement is: the government should put in place policies to reduce unemployment.

Work Step by Step

A positive statement is a factual statement that says what is happening in the economy. A normative statement is an opinion statement saying what should happen in the economy.
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