"The current trade deficit is $350 billion." This statement:
A) is positive.
B) is normative.
C) involves a value judgment.
D) is a personal reflection and has no value in economics.
Correct Answer:
Verified
Q145: Which statement makes use of normative analysis?
A)The
Q146: Which statement makes use of positive analysis?
A)The
Q147: Which statement makes use of normative analysis?
A)The
Q148: Which statement makes use of normative analysis?
A)The
Q149: "The current trade deficit of $350 billion
Q151: Which statement makes use of positive analysis?
A)Rent-controlled
Q152: Which statement is normative?
A)Scientists should not make
Q153: Positive analysis is about:
A)what is.
B)the normalizing assumptions
Q154: Positive analysis in economics:
A)makes prescriptions about how
Q155: Normative analysis in economics:
A)makes prescriptions about how
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