1.1.2 - Positive and Normative statements Flashcards
1
Q
What is a positive statement?
A
Positive statements are objective statements that can be tested by referring to the available evidence.
2
Q
What are normative statements?
A
Normative statements are subjective statements which contain a value judgement they’re opinions.
3
Q
Why are positive statements important?
A
Positive statements are important because they can be tested to see whether economic ideas are correct.
4
Q
Why are normative statements important?
A
Normative statements because value judgements influence decision making and gov policy
