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If Sanjaya can shuck more oysters in one hour than Tatiana, then Sanjaya has a comparative advantage in shucking oysters.
Normative Question
A question that addresses what ought to be, focusing on subjective judgments or prescriptions about economic policies.
Normative Statement
A statement expressing a value judgment about what ought to be, rather than stating objective facts or describing what currently exists.
Grade Point Average
A numerical calculation representing the average value of the accumulated final grades earned over time, used in schools and universities.
Positive Statement
A factual statement that can be tested and validated, describing the world as it is.
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