Which of the following is an example of a normative, as opposed to positive, statement? a. If the price of a product decreases, people’s willingness to buy that product will increase. b. Reducing tax rates on the wealthy would benefit the nation. c. If the national saving rate were to increase, so would the rate of economic growth. d. The elimination of trade restrictions would increase an economy’s standard of living.

Explanation: A positive statement, on the other hand, is a factual statement. They can be tested or proven. These are objective statements. For example, the unemployment rate in India in 2017 was 7.1%. The easiest way to discern normative statements from positive statements is to whether the statement is a fact or opinion.

Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence. Positive economics deals with objective explanations and the testing and rejection of theories. For example, A fall in incomes will lead to a rise in demand for own-label supermarket foods.

In many disciplines, including economics and philosophy, a normative statement expresses a value judgment about whether a situation is desirable or undesirable. ... Normative statements are characterized by the modal verbs "should", "would", "could" or "must".

PhantomWisdom PhantomWisdom · Answer 2 · 2022-02-03T13:44:12+01:00

b. Reducing tax rates on the wealthy would benefit the nation.

Normative Statement

A normative statement offers a value judgment regarding a situation's desirability.
A normative statement is one that cannot be tested or proven and is based on a value judgment.
An example of a normative, as opposed to positive, statement is "b. Reducing tax rates on the wealthy would benefit the nation."

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