For your response posts, select two or more initial posts that contain different current news examples (normative versus positive), and contrast your example with those of your peers. What makes the examples different? How do those differences relate to the different roles that an economist plays as a scientist and policy advisor? ( with references )

My peers:

Positive analysis aims to describe and explain how things are or function in reality creating theories and models that may be used to explain how people, businesses, or markets behave. On the other hand, normative analysis focuses on how things should or should not be, making value judgments, and offering recommendations based on such judgments. Normative analysis is subjective, it focuses on the moral and ethical ramifications of certain economic or social policies and makes suggestions as to which ones should be implemented while positive analysis focuses on objective facts and observable data and attempts to provide an accurate and unbiased description of the economic or social behavior being analyzed.

An example of a positive statement is "The unemployment rate in the United States decreased from 3.5% December 2022 to 3.4% January 2023." Because it describes an objective truth or observation, this statement is positive. It is supported by evidence from the U.S bureau of labor statistics and is testable by additional research or measurement.

References

Trading Economics. (2023). United States Unemployment Rate. Retrieved March 1, 2023, from https://tradingeconomics.com/united-states/unemployment-rate