The price of steel declined by 3 last year. Government Should Increase Regulations On The Banking Industry.
In this quiz and worksheet combo youll be tested on normative and positive economic statements.
Which of the following is a positive economic statement?. Too much government spending is the biggest problem facing the US. Which of the following is an example of a positive economic statement. The minimum wage law causes unemployment.
Youll be asked to distinguish between these types of statements and identify appropriate examples. The poor should pay lower taxes and the rich should pay higher taxes. Unemployment is a more serious problem than inflation.
Soap operas should be taken off television. In economics we tend to view our study as exploring questions about the truth and the way that people behave. Global warming should be at the top of every economic agenda.
The government should reduce the tax burden to help small business. Choices are affected by both positive and negative incentives. The rate of unemployment of young African-Americans exceeds that of white Americans.
Which of the following is an example of a positive economic statement. And if we see that most of the countries suffer from the extreme upper and lower limit in wealth this statement will certainly become the truth. Creating jobs is the most serious problem facing the US.
Government should increase taxes on the rich to help the poor is a positive statement because we can observe and learn from other economic systems socialism how that worked for them. No individual should have to live in poverty. We make guesses about behavior that people engage in.
Which of the following is a positive economic statement. Which of the following is a positive economic statement. If taxes are over 50 percent of national income job creation falls.
Higher rates of investment lead to higher rates of economic growth. Economics is more interesting to study than history. B If the price of iPhones falls a larger quantity of iPhones will be purchased.
Which of the following is a positive economic statement. The poor should pay lower taxes and the rich should pay higher taxes. Underlying economic theory is the idea that.
The United States spends too much on national defense. Which of the following is a positive macroeconomic statement. Whenever you are reading articles on current affairs it is important to be able to distinguish between objective and subjective statements Positive and Normative Economic Statements Edexcel A Level Economics A Revision Flashcards – Theme 1.
The rate of unemployment of young people exceeds that of older workers. A positive statement concerns what will happen. The federal minimum wage should be raised to 650 per hour.
Are subjective opinions that cannot be proven. A The standard of living in the United States should be higher. Government-provided healthcare increases public expenditures This statement is fact-based and has no value judgment attached to it.
Soap operas should be taken off television. Which of the following is a normative economic statement. Which of the following is a positive economic statement.
Economic considerations are less important than ethical issues in deciding national policy. Public should devote more resources to education. The Standard Of Living In The United States Is Too Low.
If you drop a ball from the top of a building it will fall to the ground. I would say that the statement. A normative statement concerns what somebody believes should happen.
4 Which of the following is a positive economic statement. Which of the following statements belongs more properly in the field of normative economics than positive economics. Positive economic theory does not provide advice or instruction.
A normative statement concerns what will happen. For example it can describe how government can impact inflation by printing more money and it can support that statement with. Positive statements tend to focus on statements about what is instead of opinions or what ought to be a normative statement.
Heres an example of a positive economic statement. Which Of The Following Is A Positive Economic Statement. A positive statement concerns what somebody believes should happen.
This is a positive economics statement because we would be able to verify it by looking at the statistics of various countries. Public should devote more resources to education. None of the above are.
Canadian farmers should be assisted by the federal government. Otherwise we will call it false. If The Price Of Beef Falls A Larger Quantity Of It Will Be Bought.
Which of the following is a macroeconomics question. Which of the following is a positive economic statement. A normative economic statement is a testable hypothesis about cause and effect.
If you drop a ball from the top of a building it will fall to the ground.