Determine Whether Each of the Following Is a Positive or Normative

question 16

Short Answer

Determine whether each of the following is a positive or normative statement.
a.The Bank of Canada should lower interest rates to increase economic growth,because we're in a recession.
b.Higher government budget deficits cause higher interest rates.
c.The trade deficit should decline because of the fall in the value of the dollar.
d.Because of our high inflation rate,we must reduce the rate of money growth.
e.A generous unemployment insurance system is a primary cause of high unemployment in Europe.
f.Increased average labour productivity in a country should lead to faster growth.
g.Government budget deficits are too high in Canada and should be reduced.

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Definitions:

Zinc

A chemical element with the symbol Zn and atomic number 30, essential for human health, involved in enzyme function, protein synthesis, and immune system health.

Energy Homeostasis

The dynamic process by which the body regulates its internal environment to maintain energy balance, involving the intake, storage, and expenditure of calories.

Vertebrates

Animals with a backbone or spinal column, including fish, amphibians, reptiles, birds, and mammals.

Food Intake

The consumption of food substances by organisms to acquire the necessary nutrients for energy, growth, and maintenance.