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For each of the following statements, indicate whether it is a positive statement or a normative statement and why. A fundamental assumption of the economic

For each of the following statements, indicate whether it is a positive statement or a normative statement and why.

  1. A fundamental assumption of the economic theory of consumer behavior is that consumers always prefer having more of any good to having less of it.
  2. Provincial governments should not subsidize private corporations by training welfare recipients.
  3. To make the good available to more people, a lower price should be set.
  4. When the price of a good goes up, consumers tend to buy less of it.

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