EDEXCle economics

Explain which are the positive statements and which are the normative statements in this passage.

What is normative economics concerned with?

Give an example of a normative statement.

What do economists tend to be interested in both positive and normative economics?

What is a positive statement?

What is the scientific method?

What is the difference between a normative statement and a positive statement?

What is the significance of the Scottish Independence vote in the context of normative and positive economics?

How did John Barstow's letter to the Financial Times illustrate the use of positive and normative statements?

What argument did John Barstow make about the complexity of retail as a sector?