1.1.2 Positive and Normative Economic Statements 4.5 / 5 based on 2 ratings ? EconomicsMicroeconomicsASEdexcel Created by: 13clarkenCreated on: 07-02-19 18:39 ... statements are facts which don't have to be true, but need to be proved, disproved or tested Positive 1 of 6 ... statements are opinion based and so don't have to be proved or disproved Normative 2 of 6 ... statements are positive statements and so are facts that don't have to be true Objective 3 of 6 ... statements are normative statements which are opinion based and don't have to be proved or disproved Subjective 4 of 6 ... resources can be continuously supplied and won't run out Renewable 5 of 6 ... resources will be used up and eventually run out Non renewable 6 of 6
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