Comparing Normative & Positive Economics

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following does positive economics NOT rely on?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 75,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Why do many think of normative economics as subjective?

2. Which of the following is a normative statement?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

In this quiz and worksheet combo, you'll be tested on normative and positive economic statements. You'll be asked to distinguish between these types of statements and identify appropriate examples of them.

Quiz & Worksheet Goals

These assessment tools will help you to review the following:

  • Qualities of a positive economic statement
  • Basis for normative analysis
  • How to turn a normative statement into a positive statement

Skills Practiced

  • Making connections - understand the concept of economic statements in different contexts
  • Distinguishing differences - compare and contrast normative and positive economic statements
  • Knowledge application - use your acquired knowledge to identify examples of positive and normative statements

Additional Learning

To ensure your understanding, review the corresponding lesson, Comparing Normative & Positive Economics. The lesson includes the following objectives:

  • Understand why opinions play a significant role in economics
  • Define utility and its importance to economics
  • Discuss the type of analysis in which economic models such as supply and demand are expressed
  • Learn how normative statements help determine utility
Support