Chapter 2: Q. 6 (page 43)
Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or
normative statement?
Short Answer
It is a normative statement.
Chapter 2: Q. 6 (page 43)
Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or
normative statement?
It is a normative statement.
All the tools & learning materials you need for study success - in one app.
Get started for freeDuring the Second World War, Germanyโs
factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germanyโs production possibilities curve?
What is the difference between a positive and a
normative statement?
Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or
normative statement?
What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?
What is productive efficiency? Allocative efficiency?
What do you think about this solution?
We value your feedback to improve our textbook solutions.