1.1.2: Positive & Normative Statements Flashcards
1
Q
What is a positive statement?
A
It is a testable statement that is stated on facts.
2
Q
What is a normative statement?
A
An untestable statement that is more opinionated/subjective.
3
Q
What are some key words for normative statements?
A
•Should
•Could
4
Q
What is the role of value judgements?
A
Economists tend to use positive statements to back up normative statements, influencing decision making (e.g. economists may make different judgements from the same statistic).
