For each of the following statements, decide whether the phrase is positive or normative. Simply number your response 1 - 8, and state positive or normative. Be sure to state why positive and normative statements are important when dealing with economic issues?

1. The moon is made of green cheese.

2. Rich people should be taxed more.

3. More taxes on the rich will increase tax revenues.

4. Everyone should donate to charity.

5. Everyone needs to work at a bank to see the true value of money.

6. Government intervention in markets is bad.

7. Economics majors earn more on average than sociology majors.

8. Everyone should take Economics 2013 - Macroeconomics.