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Positive and normative economics

Positive and normative economics. Unit 4. a distinction between sth. and sth.= a difference frequently=often conservative=traditional straightforward=direct, plain, simple, clear include sth. address sth./sbd.= speak to, refer to sbd./sth. occur(RED)=happen. economic affairs

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Positive and normative economics

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  1. Positive and normative economics Unit 4

  2. a distinction between sth. and sth.= a difference frequently=often conservative=traditional straightforward=direct, plain, simple, clear include sth. address sth./sbd.= speak to, refer to sbd./sth. occur(RED)=happen economic affairs reduce=bring down n. reduction increase=grow (v.) increase (n.)=growth the former the latter It is argued that… assess=estimate a reference TO sth.=a relation, allusion to sth. Vocabulary 1

  3. data (pl.) whereas=while be based ON sth. value-judgment MAKE a decision consume (v.) consumer (n.) consumption (n.) exchange the purpose OF sth. curiosity=an desire to know, peculiarity satisfy one’s curiosity respond TO sth.= react, reply TO sth. in circumstances detached scientists= objective, impartial, disinterested persuasion=conviction, a strongly held opinion regard AS sth.= consider as sth. actually Vocabulary 2

  4. scope instance=example, case proposition=statement be similar TO sth. confine oneself TO sth= limit oneself to sth. for the most part concept=idea justice taste (n., v.) enter sth. analysIS - analysES exclude sth. FROM sth. competent=capable comprehensive research (Uncount.) IN principle resolve- solve, decide outstanding=excellent issue=matter corresponding claim (logic) subjective a search FOR sth. Vocabulary 3

  5. be based oN sth. the elderly, the old, the young, the aged expense compared WITH/TO sth. the rest OF sth. subsidize determine=decide, conclude broadly speaking assertion=claim happen TO DO Sth. recommendation= reference prove share sth. purchase (v.)=buy roughly=not precisely equal TO sth. an amount of + Uncountable noun recreational reasonably Vocabulary 4

  6. devote sth. TO sth.= dedicate sth. TO sth. improve=make better fundamentally=basically intertwine-intertwined a set OF sth. IN particular=particularly affect sth. desirable politics vs. policy conclusion conclude (v.) as well=also Vocabulary 5

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