Classify each of the following statements based on whether they involve positive
ID: 1133447 • Letter: C
Question
Classify each of the following statements based on whether they involve positive anal ysis or normative analysis. Items (6 items) (Drag and drop into the appropriate area below If the price of Androids increases consumers will buy more Androids. If we increase the minimum wage from $7.25 to $15.00, firms will cut back on the number of workers they hire One reason for I agree with Bernie Sanders People are entitled to a living wage. Economics is too The price of the housing bubble was that interest rates were very low hard. Why doestextbooks is too our professor have to make things so difficult? high. College already costs too much.Explanation / Answer
Positive statements are those which can be proved or disproved.
Normative statements are those that cannot be proved.
Positive Analysis Normative Analysis If the price of Androids increases, consumers will buy more androids. I agree with Bernie Sanders. People are entitled to a living wage If we increase the minimum wage from $7.25 to $15.00 firms will cut back on the number of workers they hire. Economics is too hard. Why does our professor haave to make things so difficult? One reason for housing bubble was that interest rates were very low The price of textbooks is too high. College already costs too much.