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How governments should intervene is a _________ question, and why governments intervene in the way they do is a __________ question.

User ChrisTorng
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2 Answers

1 vote

Answer:

The correct words for the blank spaces are: normative; positive.

Step-by-step explanation:

The difference between normative and positive economic statements are settled by significance. Both types of statements are used by economists when discussing economic issues, each with different degrees of objectivity. Normative economics focuses on fairness and how the economy "should be". Positive economics describes economics events and why they happen.

User Tompec
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3 votes

Answer:

Normative, positive

Step-by-step explanation:

Positive statement - it is referred to those statement that can be tested for authenticity on the basis of given evidence. This statement deal with facts and test for rejection.

Normative statement - it is referred to that statement those based on judgment. it cannot be true or false. it is based on the value of judgment

for example - the price of the mobile is expected is considered to be expensive. it cannot be true or false.

User Terhechte
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