Answer:
4. is based on value judgments
Explanation:
A normative statement is based on value judgment. Such statements are opinions because they are subjective statements. For example, globalization creates social conflicts in an underdeveloped country is an opinion, and which is based on individual opinion. Since normative statements are opinions, they cannot be proved or disproved. Unlike positive statement which is a factual statement, normative statements have little value for economists.
