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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 2
You just received your midterm exam results and your professor wrote the following note: "You received a 70 on this exam, the average score. If you want to improve your grade, you should study more." Evaluate your professor's note.
a. Is the first sentence positive or normative?
b. Is the second sentence positive or normative?
a. Is the first sentence positive or normative?
b. Is the second sentence positive or normative?
Explanation
Verified
Verified
Positive statement:
It is basically objective and fact based. And positive statements are need to prove or disproved but can't correct them. Positive economics deals with the facts and cause-and-effect relationships which includes descriptions, theory development and theory testing.
Normative Statement:
Normative statements are subjective and the contents are value based. The statements are basically opinion based so they can't be tested. Normative statement includes the value judgments regarding that whether the economy must be like or the recommendation of particular policy to get a desired goal.
a. First statement:
The first statement regards getting test score and classification of the grade is the actual one. Since the first statement depicts the facts, it is the positive statement.
b. Second statement:
This statement is subjective and value based. The statement explains what should do for getting higher test scores. Thus, it is a normative statement.
It is basically objective and fact based. And positive statements are need to prove or disproved but can't correct them. Positive economics deals with the facts and cause-and-effect relationships which includes descriptions, theory development and theory testing.
Normative Statement:
Normative statements are subjective and the contents are value based. The statements are basically opinion based so they can't be tested. Normative statement includes the value judgments regarding that whether the economy must be like or the recommendation of particular policy to get a desired goal.
a. First statement:
The first statement regards getting test score and classification of the grade is the actual one. Since the first statement depicts the facts, it is the positive statement.
b. Second statement:
This statement is subjective and value based. The statement explains what should do for getting higher test scores. Thus, it is a normative statement.
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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