help The following statements provide some analysis of policy regarding the glob

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The following statements provide some analysis of policy regarding the global financial crisis of the late 2000s. Categorize each statement as positive or normative. Statement Positive or Normative? The financial crisis was caused by faulty mathematical models that encouraged excessive risk taking. The lack of effective regulation contributed to a risk-seeking culture in the financial services industry. Banking regulators should have imposed tighter regulation on the banking sector to prevent the financial crisis.

Explanation / Answer

POSITIVE STATEMENTS ARE THOSE WHICH DEPICT A FACT.

NORMATIVE STATEMENTS ARE ABOUT'' WHAT OUGHT TO BE''.

1 POSITIVE

2 POSITIVE

3 NORMATIVE

4 NORMATIVE

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