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22 January, 14:32

Making a prediction today about the world's population in twenty years based on current growth trends is an example of ▼ normative prescriptive positive economics. Advising the residents of a town to choose a toll road over a freeway extension due to a limited budget and high trucking usage is an example of ▼ normative prescriptive positive economics.

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  1. 22 January, 17:31
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    Answer: Positive, Normative

    Explanation: Positive economics is based on facts and objects that can be verified. While, normative economics is based on value based judgement that are difficult to verify.

    Making a prediction today about the world's population in twenty years based on current growth trends is an example of positive economics.

    Advising the residents of a town to choose a toll road over a freeway extension due to a limited budget and high trucking usage is an example of normative economics.
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