Positive And Normative (LS4)

Question 1

Positive economic statements

Answer 1

Can be proven true or false. They’re objective statements.

Question 2

Normative economic statements

Answer 2

Express opinions and can’t be proven true or false. They’re subjective statements.

Question 3

“A ban on smoking in public places will reduce the percentage of smokers”

Answer 3

Positive statement

Question 4

“The rate of income tax on those earning above £50,000 should be raised”

Answer 4

Normative statement

Question 5

What are these words used for: fair, unfair, should, ought, better and worse

Answer 5

Normative

Question 6

Value judgements

Answer 6

Government uses this on economic issues

Question 7

Positive analysis

Answer 7

To help them make decisions