Wall Street Journal in which economists are quoted using positive and normative statements.
o Provide one quote and its context for both a positive and normative statement. Explain your choices.
o Evaluate the statement choices of your fellow students.
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To find economists' quotes using positive and normative statements in the Wall Street Journal, you can follow these steps:
1. Start by visiting the Wall Street Journal website at www.wsj.com.
2. Use the search bar on the top right corner of the website and enter relevant keywords like "economists," "positive statement," and "normative statement."
3. Review the search results and click on articles that seem to discuss economists' views or opinions.
4. Look for quotes from economists within the chosen article that can be categorized as positive or normative statements. Note that positive statements are based on facts and can be verified, while normative statements express an opinion or value judgment.
Now, let's provide an example of a positive and a normative statement:
Positive statement example:
Quote: "According to economist John Smith, the unemployment rate has decreased by 1% over the past six months due to increased job creation in the manufacturing sector."
Explanation: This quote from economist John Smith is a positive statement because it provides a factual analysis of the unemployment rate based on observable data and economic indicators. It presents an objective statement about a change in the unemployment rate, which can be verified through official statistics.
Normative statement example:
Quote: "Economist Jane Doe believes that the government should increase taxes on high-income earners to reduce income inequality."
Explanation: This quote from economist Jane Doe is a normative statement because it expresses an opinion or a subjective value judgment about what the government should do. It introduces a proposal or a recommendation regarding tax policy based on the economist's personal values or social justice considerations, rather than verifiable facts.
Now, let's evaluate the statement choices of your fellow students:
To effectively evaluate the statement choices made by your fellow students, I would need access to the specific quotes they provided. However, you can analyze their choices using the criteria of positive and normative statements:
Positive statements are based on facts and can be empirically tested or observed, while normative statements involve value judgments and subjective opinions. Assess whether their chosen quotes align with these criteria.
Consider the context and source of the quotes, ensuring they come from Wall Street Journal articles and feature economists' statements. Verify if the quotes indeed contain positive or normative statements by analyzing the content and language used.
Additionally, reflect on the relevance and depth of the quotes chosen by your fellow students, as well as how effectively they explain the difference between positive and normative statements.
By evaluating their choices critically, you can provide constructive feedback and encourage meaningful discussions about economists' statements.