What Is the Difference Between Positive Economic Analysis and Normative

question 210

Essay

What is the difference between positive economic analysis and normative economic analysis? Give one example each of a positive and normative economic issue or question or statement.

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Definitions:

Toy Dog

A term used to describe small dog breeds that are often kept as companions or pets, characterized by their compact size and playful nature.

Stimulus Generalization

A process in learning where a response to a specific stimulus becomes associated with similar stimuli.

Generalization Gradient

The spread or diffusion of a response to stimuli that are similar but not identical to the conditioned stimulus.

Stimulus Discrimination

The ability to differentiate between similar stimuli when only one of them is consistently associated with a particular response.