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Module Progress: Positive and Normative Economics

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Positive and Normative Economics

question 1 of 1 course: Bachelor of Science in Health Services Management and Planning

Q: What is the difference between positive and normative economics?

Positive: microeconomics; Normative: macroeconomics
Positive: quantitative; Normative: qualitative
Positive: theoretical; Normative: applied
Positive: what is; Normative: what ought to be

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A positive and significant coefficient indicates a positive relationship: as the independent variable increases, the dependent variable also increases, holding other factors constant.

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Did You Know?

A positive and significant coefficient indicates a positive relationship: as the independent variable increases, the dependent variable also increases, holding other factors constant.

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