positive and normative statements Flashcards
1
Q
what are positive statements
A
these are objective statements that can be tested or rjcted based on the available evidence
2
Q
what are normative statements
A
subjective statements which hold valued judgement
3
Q
what is the role of value judgements
A
help us to explain why economic policies vary from place to place and from time to time
4
Q
A
