COURSE 402 1.2 REVIEW (POSITIVE OR NORMATIVE STATEMENT)

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Questions and Answers

The gross domestic product (GDP) of the United States increased by 2.3% in the second quarter of 2021.

  • P (correct)
  • N

In order to reduce smoking, the government must increase taxes on tobacco products.

  • P
  • N (correct)

The average temperature in New York City in July is 47 degrees Fahrenheit.

  • N
  • P (correct)

It is wrong for people to discriminate against others based on their race or ethnicity.

<p>N (A)</p> Signup and view all the answers

Institutions that offer free higher education are inferior to institutions that charge tuition.

<p>N (B)</p> Signup and view all the answers

The demand for gasoline and diesel is inversely related to the price of gasoline and diesel.

<p>P (B)</p> Signup and view all the answers

Flashcards

Positive Statement

A statement that can be tested, proven, or disproven using evidence.

Normative Statement

A statement that expresses an opinion or value judgement.

Gross Domestic Product (GDP)

The total value of goods produced and services provided in a country during one year.

Inversely Related

When the price of one good increases, demand for the other good decreases.

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Study Notes

  • Positive statements are factual and can be proven or disproven.
  • Normative statements express a value judgment.

Positive vs Normative Statements

  • The United States' GDP increased by 2.3% in the second quarter of 2021; this is a positive statement.
  • The assertion that the government must increase taxes on tobacco products to reduce smoking stands as a normative statement.
  • An opinion that it is wrong to discriminate against others based on their race or ethnicity constitutes a normative statement.
  • Claiming institutions that offer free higher education are inferior to institutions that charge tuition, is a normative statement as it reflects an opinion.
  • The inverse relationship between the demand for gasoline and diesel and their prices describes an economic relationship that can be proven or disproven, therefore it is a positive statement.
  • The statement that the average temperature in New York City in July is 47 degrees Fahrenheit is positive because it can be verified with data.

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