Question

Which of the following is an example of a normative as opposed to positive statement.

Answer 1

The example of a normative as opposed to positive statement is : if the price of a product decreases, people's willingness to buy that product will increase.

What is a normative statement?

A normative statement explains what should be base of the subject according to the belief through valued judgement which shows the fairness of the subject on public policy. It generally implies relating to an evaluative standard.

A normative statement focus on what the economy ought to be or should be. it simply shows the perception of an individual about the economy, whereas positive economics has an objective approach, rely on facts.

Therefore, the example of a normative as opposed to positive statement is f the price of a product decreases, people's willingness to buy that product will increase.

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