Questions: Question 10 Write one positive statement and one normative statement relating to economics.

A positive statement in economics is one that can be tested and validated through evidence. It describes the world as it is. For example: "The unemployment rate in the United States was 3.5% in September 2022." This statement can be verified with data from sources such as the U.S. Bureau of Labor Statistics.

A normative statement in economics expresses a value judgment or opinion about what ought to be. It describes the world as it should be, according to someone's perspective. For example: "The government should reduce taxes to increase disposable income for families." This statement reflects an opinion and cannot be tested or validated in the same way as a positive statement.