Question

The following table contains statements that provide some analysis of policies that address globalization.

Categorize each statement as positive or normative.
1-In the past decade, U.S. companies have outsourced millions of jobs overseas.
2-Companies that outsource jobs are acting immorally.
3- If the U.S. government were to institute higher tariffs on imports, companies would stop outsourcing jobs.
4-The U.S. government should institute higher tariffs on imports.
I need help in this problem. that what I got: 1-Positive 2- Normative 3- postive 4- Normative
Is that correct??

Answer 1

Positive statement

Normative statement

Positive statement

Normative statement

Step-by-step explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.

For example, -In the past decade, U.S. companies have outsourced millions of jobs overseas - is a statement that can be verified with data

Normative economics is based value judgements, opinions and perspectives. For example, -Companies that outsource jobs are acting immorally - is subject to opinion. Some would agree and some would not