The decision by eBay to shutdown the 5 million dollar kidney sale was an example of normative economics

Marketing Jan 11, 2021

The decision by eBay to shutdown the 5 million dollar kidney sale was an example of normative economics. True or false?

Expert Solution

The statement of the decision by eBay to shutdown the 5 million dollar kidney sale was an example of normative economics is false. This statement is false because it does not involves the word should be in its own statement nor it is based on the value judgment so it is not normative statement. Whereas, positive statement is based on the data and it tells about the facts so this statement is positive statement.

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