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Classify each of the statements as an example of positive or normative analysis.
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The sugar quota in the United States costs consumers $6.08 billion a year.
Higher tariffs on imported automobiles would decrease the demand for
foreign-made cars.
International trade should be be limited because it can cause some workers
to lose their jobs.
International trade makes some people better off and some people
worse off.
The U.S. should impose import quotas in the market for consumer
electronics to help domestic workers.
The sugar quota in the U.S. is good public policy and should be
made stronger.
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Sagot :

The following are normative analysis :

  • International trade should be be limited because it can cause some workers to lose their jobs.
  • The U.S. should impose import quotas in the market for consumer
  • electronics to help domestic workers.
  • The sugar quota in the U.S. is good public policy and should be

The following are positive statements:

  • International trade makes some people better off and some people worse off.
  • The sugar quota in the United States costs consumers $6.08 billion a year.
  • Higher tariffs on imported automobiles would decrease the demand for foreign-made cars.

What are positive and normative statements?

Positive Economics is an objective statement that is based on facts and economic theory.  Normative economics is based value judgements, opinions and perspectives.

To learn more about positive statements, please check: https://brainly.com/question/14814675

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