Comparing Normative & Positive Economics


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question 1 of 3

Which of the following does positive economics NOT rely on?

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

2. Which of the following is a normative statement?

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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