The Impact of Automobile Emissions on Global Temperatures
What kind of economics is the statement that a 1% increase in automobile emissions causes a 0.0003% increase in average global temperatures?
A. Marginal economics
B. Positive economics
C. The fallacy of logic
D. Normative economics
The given statement is an example of positive economics.Positive economics deals with measurable and quantifiable facts. It focuses on cause-and-effect relationships based on observable data. In this case, the statement demonstrates a clear impact of automobile emissions on global temperatures, providing a factual relationship between the two variables.
Unlike normative economics, which deals with value judgments and opinions on what actions should be taken, positive economics simply describes the way things are based on evidence. It does not involve subjective interpretations or personal beliefs.
By understanding the principles of positive economics, we can better analyze and interpret data and make informed decisions based on factual information rather than subjective opinions.