Chapter 2 Economic Theories, Data, and Graphs

1) Disagreements over positive statements A) cannot arise because positive statements are facts. B) are best handled by an appeal to the facts. C) arise from the failure to distinguish between a positive and a normative statement. D) are basically devoid of any emotion. E) never occur. Answer: B Diff: 1 Topic: 2.1. positive and normative statements Skill: Applied User2: Qualitative 2) A positive statement is one that states A) what is, was, or will be. B) what is and what should be. C) what should be but is not. D) what is desirable. E) non-negative numbers. Answer: A Diff: 2 Topic: 2.1. positive and normative statements Skill: Recall User2: Qualitative 3) Which is the best description of positive statements? Positive statements A) have been verified by appeal to factual evidence. B) form the basis of all normative arguments. C) are falsifiable in principle by appeal to factual evidence. D) are seldom employed in social sciences like economics. E) have no place in economics because economics deals only with value judgments. Answer: C Diff: 2 Topic: 2.1. positive and normative statements Skill: Recall Objective: REVISED User2: Qualitative