1.1.2 positive and normative economic statements (copy)
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/3
Earn XP
Description and Tags
Last updated 9:19 PM on 10/14/24
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai | Chat |
|---|
No analytics yet
Send a link to your students to track their progress
4 Terms
1
New cards
positive statement
contains no opinion - it is usually statement of fact and can be proven
2
New cards
example of a positive statement
the UK housing market is currently very difficult for people looking to buy / rent a home as the prices have risen due to the current economic crisis in the UK
3
New cards
normative statement
expresses a value judgement
4
New cards
example of a normative statement
house prices are unaffordable