Examine the following statements and determine if they are normative or positive in nature. Explain your answer.

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Examine the following statements and determine if they are normative or positive in nature. Explain your answer.
a. The U.S. automotive industry registered its highest growth rate in 5 years in 2012; U.S. auto sales increased by 13% compared to 2011.
b. The U.S. government should increase carbon taxes to control emissions that cause global warming.
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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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