History, 22.01.2021 16:10 Thejollyhellhound20

Explain the value of statistics and other data to positive economists and to normative economists.

Answers: 2

Show answers

Answers

Answer from: samarkanduzbek

There are different use of statistics. How is statistics important for economists is that:

Statistics for economics is based on the use of itself along with the collection, processing, and analysis of some kind of economic data. It is known to helps man to known and analyze economic theories and show the correlations between variables such as demand, supply, price, etc.

Positive Economics are those whose economic behavior is in such a way of describing and explaining economics as it really is. It uses observable data, and no opinion.

Normative Economics is known as the part of economics that uses value judgments about what the economy should be.

Learn more about statistics from

link

Answer from: zaikam81

Positive Economists' purpose is to create an explanation of a certain economic phenomena.

These economists use statistics in order to find out the aggregate behavior of the people because of a certain economic decisions. From this, they can developed an understanding to explain the economic phenomena.

The normative economists' purpose is to find out whether a certain economic decision achieve its original purpose.

They used statistic as a quantitative measurements. They determine the goals of a certain economic policy and They compared the statistic before the economic policy was implemented to the condition after the implementation .

This will help them know whether the policy achieve its original goals.

For example. if a certain policy was created to reduce unemployment, normative economists will compare the data/statistic about the number of employment before and after the policy.

Answer from: Quest

b. africa to the americas

explanation:

Answer from: Quest

the answer would more than likely a.)falling crop prices

hope the answer is right and ,either way have a nice day.

Another question on History

History, 22.06.2019 07:30

What was the name given to ronald reagan’s foreign policy

Answers: 1

Answer

History, 22.06.2019 07:30

Which best describes the connection between a mechanical loom and a cotton gin

Answers: 2

Answer

History, 22.06.2019 10:30

Which one of the following statements is not true of the revolutionary war? a.) british casualties were twice as many as the americans. b.) british soldiers and loyalists left for england. c.) americans suffered greater casualties and destruction than britain

Answers: 1

Answer

History, 22.06.2019 20:00

In his address, president obama gave information about the state of . president obama argued that there are science and technology jobs than there are people to fill them. this address fulfilled the president's duty to . employment the armed forces taxation more fewer communicate with congress oversee the military appoint ambassador

Answers: 2

Answer

You know the right answer?

Explain the value of statistics and other data to positive economists and to normative economists....

Questions