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

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When discussing rules that governments use to intervene in a market, we have two approaches: normative and positive. The normative approach focuses on what governments should do, while the positive approach focuses on what governments actually do.

When Discussing Rules That Governments Use to Intervene in a Market