Chapter 2: Q 7 (page 43)
Would a research study on the effects of soft drink consumption on children’s cognitive development be a positive
or normative statement?
Short Answer
It is a positive statement.
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Chapter 2: Q 7 (page 43)
Would a research study on the effects of soft drink consumption on children’s cognitive development be a positive
or normative statement?
It is a positive statement.
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During the Second World War, Germany’s
factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germany’s production possibilities curve?
What is Marie’s opportunity cost of purchasing a
pie?
What does a production possibilities frontier
illustrate?
What is comparative advantage?
Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or
normative statement?
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