Positive and Normative Statements

Question 1

What is a POSITIVE statement?

Answer 1

• Is a statement that can be verified, true or false.

Question 2

What is a NORMATIVE statement?

Answer 2

• Is an opinion, a view which others may disagree.

Question 3

POSITIVE or NORMATIVE?

CPI infaltion = 3.0%

Answer 3

Positive = Fact

Question 4

POSITIVE or NORMATIVE?

I thinkt the MPC should increase interest rates.

Answer 4

Normative = Opinion

Question 5

POS|TIVE or NORMATIVE?

Unemployment is more important than inflation in the current economic situation

Answer 5

NORMATIVE

Question 6

POSITIVE or NORMATIVE

The MPC should increase interest rates to deal with the rise in inflation.

Answer 6

NORMATIVE

Question 7

POSITIVE or NORMATIVE

The MPC should increase interest rates to deal with the rise in inflation.

Answer 7

POSIT|VE