
Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498
Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 37
Determine whether each of the following statements is positive or normative. (Remember that a positive statement isn't necessarily correct; it just makes a factual claim rather than a moral judgment.)
a. People who pay their bills on time are less likely than others to get into debt.
b. Hard work is a virtue.
c. Everyone should pay his or her bills on time.
d. China has a bigger population than any other country in the world.
e. China's One-Child Policy (which limits families to one child each) helped to spur the country's rapid economic growth.
f. Lower taxes are good for the country.
a. People who pay their bills on time are less likely than others to get into debt.
b. Hard work is a virtue.
c. Everyone should pay his or her bills on time.
d. China has a bigger population than any other country in the world.
e. China's One-Child Policy (which limits families to one child each) helped to spur the country's rapid economic growth.
f. Lower taxes are good for the country.
Explanation
Positive statement:
It is basically obj...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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