Multiple Choice
Which of the following is an example of a positive statement in economics?
37
views
0. Basic Principles of Economics
Positive and Normative Analysis
Struggling with Microeconomics?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following refers to a general belief about the role and purpose of government?
A
Empirical observation
B
Normative analysis
C
Descriptive statistics
D
Positive analysis
Verified step by step guidance1
Understand the key terms involved: Empirical observation refers to information gathered through direct experience or experimentation.
Recognize that Descriptive statistics involve summarizing or describing data, often through numerical measures or graphs.
Know that Positive analysis deals with objective statements that can be tested or validated, focusing on 'what is' rather than 'what ought to be'.
Identify that Normative analysis involves value judgments and opinions about what ought to be, including beliefs about the role and purpose of government.
Conclude that a general belief about the role and purpose of government fits the definition of Normative analysis, as it reflects subjective views rather than objective facts.
4:35mWatch next
Master Positive Statements vs. Normative Statements with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Positive and Normative Analysis practice set
Problem sets built by lead tutorsExpert video explanations