positive or normative.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter25: The Keynesian Perspective
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Problem 17CTQ: In its recent report, The Conference Boards Global Economic Outlook 2015, updated November 2014...
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10. Normative and positive statements
The following table contains statements that provide some analysis of policies that address globalization.
Categorize each of these statements as either positive or normative.
Statement
Positive
Normative
In the past decade, U.S. companies have outsourced millions of jobs overseas.
Companies that outsource jobs are acting immorally.
If the U.S. government were to institute higher tariffs on imports, companies would stop outsourcing jobs.
The U.S. government should institute higher tariffs on imports.
O ooo
O oo o
Transcribed Image Text:10. Normative and positive statements The following table contains statements that provide some analysis of policies that address globalization. Categorize each of these statements as either positive or normative. Statement Positive Normative In the past decade, U.S. companies have outsourced millions of jobs overseas. Companies that outsource jobs are acting immorally. If the U.S. government were to institute higher tariffs on imports, companies would stop outsourcing jobs. The U.S. government should institute higher tariffs on imports. O ooo O oo o
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