The statement: 'A tax cut means that people will work harder to earn more income', is an example of positive economic analysis.

Name: The statement: 'A tax cut means that people will work harder to earn more income', is an example of positive economic analysis.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

This statement is an example of normative economic analysis because it involves a value judgment about what ought to happen, rather than an objective statement about what will happen.

The Statement: 'A Tax Cut Means That People Will Work