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 freeWhat is the difference between a positive and a
normative statement?
Explain why individuals make choices that are
directly on the budget constraint, rather than inside the
budget constraint or outside it.
What is Marie’s opportunity cost of purchasing a
pie?
Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
Draw Marie’s budget constraint with pies on the horizontal axis and magazines on the vertical axis. What is the slope of the budget constraint?
What do you think about this solution?
We value your feedback to improve our textbook solutions.