Practice - Positive and Normative Economics
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Practice Questions
Test your understanding with targeted questions
Define positive economics.
💡 Hint: Think about what can be observed or tested.
What is a normative economic statement?
💡 Hint: It often includes words like 'should' or 'ought.'
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does positive economics focus on?
💡 Hint: Remember, 'Positive refers to facts!'
True or False: Normative economics involves value judgments.
💡 Hint: Think about what we think SHOULD happen.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
Develop a policy proposal based on a normative economic statement and support it with three positive economic analyses.
💡 Hint: Think of how each analysis supports your value proposition.
Explain a current event in terms of both positive and normative economics, discussing the implications of each.
💡 Hint: Identify the factual elements and value judgments.
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