1.2 Positive & Normative Statements Flashcards
(4 cards)
1
Q
What are positive statements?
A
Objective statements that can be tested with evidence
2
Q
Positive statement example?
A
A rise in taxes will lead to lower spending
3
Q
What are normative statements?
A
Subjective statements with value judgements
4
Q
Normative statement example?
A
High unemployment is more harmful than high inflation
