Intro to Economics Smartboard Lesson
Intro to Economics Smartboard Lesson
Intro to Economics Smartboard Lesson
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Examples:<br />
•Positive Statement: The unemployment rate<br />
in eastern Canada is 18% (hypothetical)<br />
•Normative Statement: The unemployment<br />
rate in Canada should be reduced from<br />
18%<br />
•Economists are concerned with positive<br />
statements: “what is”.<br />
•Policy makers (government) decide “what<br />
should be”