ADM-614 Topic 1 DQ 1 “Positive” and “normative” economics is the study of “what is” and “what should be,” respectively
“Positive” and “normative” economics is the study of “what is” and “what should be,” respectively. Describe the differences between the two concepts. Consider the following statement: Inequality is the most pressing economic phenomenon of our time; consequently, public officials ought to expand the availability of school meal programs in low-income districts. How does the statement reflect aspects of both positive and normative economic analysis? Please be specific.
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Course: ADM-614 Economics for Public
School: Grand Canyon University