Purchase Solution

Positive and normative economic decisions

Not what you're looking for?

Ask Custom Question

To what extent do you think normative economic analysis, as opposed to positive economic analysis, determines our nation's economic public policy decisions made by government? Why? Is that "good" or "bad"? Why?

Purchase this Solution

Solution Summary

This solution discusses positive and normative economic decisions.

Solution Preview

Positive statements are those supported by facts. Economically speaking we could say, increasing people's incomes makes the economy grow. Normative statements are value judgments. We might ask, how much should the economy grow? Policy is therefore inherently more normative than ...

Purchase this Solution


Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.