Question

State one example of normative economic and positive economic​

Answer 1

Answer:

An example of positive economics is, “an increase in tax rates ultimately results in a decrease in total tax revenue”. On the other hand, an example of normative economics is, “unemployment harms an economy more than inflation”.

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Answer 2

Answer:

An example of positive economics is, “an increase in tax rates ultimately results in a decrease in total tax revenue”. On the other hand, an example of normative economics is, “unemployment harms an economy more than inflation”.

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