Inherently subjective. This describes
[ Select ]
positive analysis
normative analysis
positive analysis
normative analysis
.

A value judgment about costs and benefit which describes what situation an individual prefers. This describes
[ Select ]
normative analysis
positive analysis
.

Question

Inherently subjective. This describes 
[ Select ]
positive analysis
normative analysis
positive analysis
normative analysis
 .

A value judgment about costs and benefit which describes what situation an individual prefers.  This describes 
[ Select ]
normative analysis
positive analysis
 .

BlackTom AI · Accepted Answer

The question presents two fill-in-the-blank prompts and asks you to classify each into either positive analysis or normative analysis.

Option analysis for the first blank:
- Positive analysis: This type of analysis is descriptive and objective, focusing on what is—factual or observable aspects of the world. It does not express value judgments about costs, benefits, or what ought to be done. Since the prompt starts with 'Inherently subjective,' this option would not be appropriate because positive analysis is not inherently subjective; it is typically considered objective. Therefore, positive analysis is not the correct choice for the first blank.
- Normative analysis: This approach involves judgments about what should be, including evaluative statements about costs and benefits and what individuals ought to prefer or choose. The phrase 'Inherently subjective' aligns with a normative perspective, making normative analysis the correct fit for the first blank.

Option analysis for the second blank:
- Positive analysis: As mentioned, positive analysis describes how things are, not how they ought to be, and does not center on value judgments about preferences. The prompt refers to 'A value judgment about costs and benefit which describes what situation an individual prefers,' which inherently implies a normative assessment. Thus, positive analysis is incorrect for the second blank.
- Normative analysis: This is precisely the domain that involves evaluating costs and benefits and describing which state of affairs an individual would prefer. The statement fits normative analysis, making this the correct choice for the second blank.

Additional notes:
- The provided input indicates both blanks should be filled with 'normative analysis.' This is consistent with the idea that normative analysis deals with value judgments and preferences, while positive analysis deals with objective descriptions of reality.
- There are no alternative answer options listed in the prompt, so the analysis centers on distinguishing between the two categories, rather than selecting among multiple options.
- In summary, for the first blank, normative analysis is the correct classification because the prompt describes subjectivity and value judgments. For the second blank, normative analysis is also correct because the statement explicitly involves a value judgment about costs, benefits, and preferences.

econ_415_120255_249159 Lesson 01 Assignment

Inherently subjective. This describes [ Select ] positive analysis normative analysis positive analysis normative analysis . A value judgment about costs and benefit which describes what situation an individual prefers. This describes [ Select ] normative analysis positive analysis .

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