Economists are called to both discover and evaluate economic facts. Based on these facts, they are also called on to prescribe solutions. In this module, you have learned about positive and normative statements. In practice, positive and normative statements can be hard to distinguish, as normative statements can sometimes be disguised as true facts.
To complete the Discussion activity, write a post that answers the following questions:
Find a normative statement that could be mistaken as a positive statement by researching news sites, economic journals, political blogs, and so on. Write out the statement and analyze it as follows:
Is the statement supported by facts? Write a true positive statement that would support the normative statement.
Now write a positive statement that would not support the normative statement.
Evaluate your two positive statements and determine whether you agree or disagree with the normative statement above. Explain your stance