Positive and normative statements

The following table contains statements that provide some analysis of policies that address the financial crisis of $20072009.$

in the following table, categorize each statement as positive or normative.

Statement

Positive

Normative

The financial crisis was caused by faulty mathematical models that encouraged excessive risk taking.

The lack of effective regulation contributed to a risk$-$seeking culture in the financial services industry.

Central banks should have imposed tighter regulations on banks to prevent the financial crisis.

Executives of banks that received financial assistance from the government should not have received bonuses.

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