Question
My name is Amanda Missigman. I'm originally from New Jersey, but currently living in Orlando, Florida and enjoying every minute in the sunshine state. At
My name is Amanda Missigman. I'm originally from New Jersey, but currently living in Orlando, Florida and enjoying every minute in the sunshine state. At SNHU, I am studying business with a concentration in marketing. My goal is to work in the fashion marketing industry.
Positive analysis involves a more scientific or objective explanation of how things work. It focuses on facts that can be tested or verified which explain what was, what is, and what will be. An example of a positive statement is "the demand for a good will increase if the price of the good decreases."
Normative analysis is the study of how economic problems faced by society should be solved. It is subjective and based on personal value judgement, so it cannot be tested. An example of a normative statement is "the government should raise minimum wage to $15.00/hour."
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Positive Analysis Positive analysis in economics involves objective factbased explanations of economic phenomena It focuses on what is what was and wh...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
663e5e19eaef8_957464.pdf
180 KBs PDF File
663e5e19eaef8_957464.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started