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QUESTION
Explain the difference between a positive and normative statement. Give an example of each type of statement.What is the difference between supply and demand as presented in the readings? Discuss a r
- Explain the difference between a positive and normative statement. Give an example of each type of statement.
- What is the difference between supply and demand aspresented in the readings? Discuss a real-time example that you found doing outside research.
- Do some additional research on your own on public goods. What are the two main characteristics of this type of good? What is the biggest “problem” with allocating public goods? Do you think the government should have a role in allocating public goods, or should goods be privatized?
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