Question

In the context of rising prices, following statements are made by two people:

Udit: Prices in the economy are continuously rising;
Shivam: The Government should take reasonable steps to control rising prices.

Identify the statements as Positive Statement and Normative Statement.

Options

• Udit: Positive; Shivam: Normative

• Udit: Normative; Shivam: Positive

• Both are Positive Statements

• Both are Normative Statements

Answer 1

Udit: Positive; Shivam: Normative

Explanation:

Udit is stating a fact about rising prices, so it is a positive statement. Shivam is recommending what the government should do, so it is a normative statement.