![]() Another testable assertion is a statement of fact, such as “It’s raining,” or “Microsoft is the largest producer of computer operating systems in the world.” Like hypotheses, such assertions can be shown to be correct or incorrect. Two kinds of assertions in economics can be subjected to testing. Self Check: Positive and Normative StatementsĮconomics seeks to describe economic behavior as it actually exists, and it relies on a distinction between positive statements, which describe the world as it is, a nd normative statements, which describe how the world should be.Reading: Positive and Normative Statements.The learning activities for this section include the following: Provide examples of positive and normative statements.Define positive and normative statements.The specific things you’ll learn in this section include the following: Good economists are careful to differentiate between the two. In this section, we will learn to differentiate between descriptions of the world as it is and the world as it should be. In this section we are going to consider the difference between positive and normative statements and their role in economics. These are very different questions that lead to very different kinds of responses and statements. Also, what is the right thing to do with the resources we have?-”What should we choose,” we might ask. ![]() ![]() What choices does society have about how it uses its resources?-”What is possible?” we might ask. What you’ll learn to do: differentiate between positive and normative statements ![]()
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