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sineoko [7]
3 years ago
13

Normative and positive statements

Business
1 answer:
Gekata [30.6K]3 years ago
8 0

Answer:

Normative

Positive

Normative

Positive

Explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.  

For example, the statement , In some circumstances, if taxes are lowered,

government revenues actually increase, can be tested and it has it basis in economic theory

Normative economics is based value judgements, opinions and perspectives. For example, the statement - taxes are too high - is based on opinion. To some it is too high while to others it would be too low

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Answer:

    Effect of Transaction on Cash Flows

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3.  Cash Receipt           $91,400

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Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican con
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Answer:

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Explanation:

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