Which of these statements is positive, which is normative, and why? a. The United States should cut

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Which of these statements is positive, which is normative, and why?

a. The United States should cut its imports.

b. China imports U.S. pork and soybean.

c. If the iPhone price rises, iPhone sales will fall.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 24, 2024 05:00 AM

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Which of these statements is positive, which is normative, and why? a. The United States should cut

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When we talk about positive and normative statements in economics were generally distinguishing betw...View the full answer

Economics

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