Normative Economic Statement: Definition & Example


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Economics based on opinions are what?

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1. Economics that utilize words and phrases such as 'ought' and 'should' are considered to be:

2. Which type of economics entails facts that can be proven?

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About This Quiz & Worksheet

This quiz and worksheet combo will allow you to check your knowledge of normative economic statements. The quiz questions will assess you on the qualities of two types of economic statements that have very different bases.

Quiz & Worksheet Goals

These assessment tools will test you on:

  • The type of economic statement that involves opinions and judgments
  • The type of economic statement that contains a testable idea

Skills Practiced

  • Interpreting information - verify that you can read information regarding types of economic statements and interpret it correctly
  • Distinguishing differences - compare and contrast topics from the lesson, such as types of economic statements
  • Information recall - access the knowledge you've gained regarding types of economic statements

Additional Learning

For additional information, check out the accompanying lesson, Normative Economic Statement: Definition & Example. The lesson highlights the following objectives:

  • Define normative economics
  • Identify the type of economic statement that can be proven or disproven
  • Identify the type of economic statement that might be based on feelings, emotions, or impressions
  • Review examples of each type of economic statement