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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define positive economics.
💡 Hint: Think about what can be observed or tested.
Question 2
Easy
What is a normative economic statement?
💡 Hint: It often includes words like 'should' or 'ought.'
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does positive economics focus on?
- What ought to be
- Factual analysis
- Value judgments
💡 Hint: Remember, 'Positive refers to facts!'
Question 2
True or False: Normative economics involves value judgments.
- True
- False
💡 Hint: Think about what we think SHOULD happen.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
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.
Question 2
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.
Challenge and get performance evaluation