Which of the Following Best Describes the Relationship Between Positive

question 112

Multiple Choice

Which of the following best describes the relationship between positive and normative statements in economics?

• A)Normative statements are those with which all economists agree; positive statements may give rise to some disagreement.
• B)Positive and normative statements are alternate ways of describing the desirability of certain economic policies.
• C)Normative statements evaluate the desirability of certain economic changes; positive statements do not.
• D)Neither positive nor normative statements are concerned with the desirability of certain economic changes.
• E)Economists generally agree with each other regardless of whether a question is positive or normative.

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Definitions:

Flights

Scheduled air services between two points, but in business terms, it can also refer to a rapid execution of a series of tasks or operations.

Plane Operating Costs

The expenses related to operating an aircraft, including maintenance, fuel, and crew expenses.

Planning Budget

A planning budget is formulated prior to a budget period and is based on management's objectives, serving as a guide for financial planning and performance evaluation.

Flights

Refers to scheduled air travel trips or could imply the launching or operation of aircraft.