1.1.2 Positive and Normative Economic Statements

?
  • Created by: 13clarken
  • Created 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

Other cards in this set

Card 2

Front

... statements are opinion based and so don't have to be proved or disproved

Back

Normative

Card 3

Front

... statements are positive statements and so are facts that don't have to be true

Back

Preview of the front of card 3

Card 4

Front

... statements are normative statements which are opinion based and don't have to be proved or disproved

Back

Preview of the front of card 4

Card 5

Front

... resources can be continuously supplied and won't run out

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Microeconomics resources »