Topic 5: Positive And Notmative Economics Flashcards by Bergina Obertinca | Brainscape

Q

Normative economic statements

A

Based on value judgements and are therefore subjective

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Positive economic statements

A

Based on facts that can be proved or disproved

How well did you know this?

1

Not at all

2

3

4

5

Perfectly