When discussing rules that governments use to intervene in a market, we can take a(n)________ approach where we discuss what governments should do, or a ________ approach where we discuss what governments actually do.

Question

Quizplus · Accepted Answer

The terms "normative" and "positive" are commonly used in economics to distinguish between discussions about what should be done (normative) and what is actually done (positive). The other options, such as "optimistic" and "cynical," are not applicable in this context, and "bipartisan" does not relate to the distinction between normative and positive approaches.

When Discussing Rules That Governments Use to Intervene in a Market