positive normative statements and economic methodology

Question 1

natural vs social science

Answer 1

natural: scientists observe aspects of universe
social: observe human behaviour

Question 2

economic methodology

Answer 2

-observe human behaviour
-form hypothesis of how consumers spend
-make predictions for hypothesis
-use eviidence to test prediction (support if evidence support, reject if does not support)

Question 3

positive vs normative statements

Answer 3

-positive: describe world as it is, fact based, can be tested, objective
-normative statement: statement which contains a value judgement: comparison, subjective