Asked by gillian williams on Jul 24, 2024
Verified
Economists acting as scientists make positive statements, while economists acting as policy advisers make normative statements.
Positive Statements
Assertions about the world that are factual and can be tested for accuracy.
Normative Statements
Assertions about how the world ought to be, reflecting opinions and subjective values rather than empirical facts.
- Discern between positive and normative propositions as well as their respective contributions to economics.
Verified Answer
JF
Jesse FullerJul 26, 2024
Final Answer :
True
Explanation :
Positive statements are objective and fact-based, focusing on describing how the world is, which is what economists do when acting as scientists. Normative statements are subjective and value-based, focusing on how the world should be, which aligns with the role of economists when they act as policy advisers.
Learning Objectives
- Discern between positive and normative propositions as well as their respective contributions to economics.