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Chapter 2 Thinking Like an Economist

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Question;7. Positive statements are;a.;prescriptive.;b.;claims;about how the world should be.;c.;claims;about how the world is.;d.;made by;economists speaking as policy advisers.;8. Normative statements are;a.;descriptive.;b.;claims;about how the world should be.;c.;claims;about how the world is.;d.;made by;economists speaking as scientists.;9. Positive statements are not;a.;descriptive.;b.;prescriptive.;c.;claims;about how the world is.;d.;made by;economists speaking as scientists.;10. Normative statements are not;a.;descriptive.;b.;prescriptive.;c.;claims;about how the world should be.;d.;made by;economists speaking as policy advisers.;11. A statement describing how the world is;a.;is a;normative statement.;b.;is a;positive statement.;c.;would;only be made by an economist speaking as a policy adviser.;d.;would;only be made by an economist employed by the government.;12. A statement describing how the world should be;a.;is a;normative statement.;b.;is a;positive statement.;c.;would;only be made by an economist speaking as a scientist.;d.;would;only be made by an economist employed by the government.;13. One way to characterize the difference between positive statements;and normative statements is as follows;a.;Positive;statements tend to reflect optimism about the economy and its future, whereas;normative statements tend to reflect pessimism about the economy and its;future.;b.;Positive;statements offer descriptions of the way things are, whereas normative;statements offer opinions on how things ought to be.;c.;Positive;statements involve advice on policy matters, whereas normative statements are;supported by scientific theory and observation.;d.;Economists;outside of government tend to make normative statements, whereas;government-employed economists tend to make positive statements.;14. Economists view positive statements as;a.;affirmative;justifying existing economic policy.;b.;optimistic;putting the best possible interpretation on things.;c.;descriptive;making a claim about how the world is.;d.;prescriptive;making a claim about how the world ought to be.;15. Economists view normative statements as;a.;prescriptive;making a claim about how the world ought to be.;b.;descriptive;making a claim about how the world is.;c.;statements;about the normal condition of the world.;d.;pessimistic;putting the worst possible interpretation on things.;16. Economists speaking like scientists make;a.;normative;statements.;b.;prescriptive;statements.;c.;claims;about how the world is.;d.;claims;about how the world should be.

 

Paper#55189 | Written in 18-Jul-2015

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