The Difference Between a Positive Economic Statement and a Normative

question 95

Multiple Choice

The difference between a positive economic statement and a normative statement is that

• A) a positive statement must be true; a normative statement is often not true
• B) a normative statement must be true; a positive statement is often not true
• C) a positive statement can be proved; a normative statement cannot
• D) a normative statement can be proved; a positive statement cannot
• E) a positive economic statement is a moral judgment; a normative economic statement is not a moral judgment

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Definitions:

Mass consumption

The widespread purchasing and use of goods and services by a large number of people, driving consumer culture and economic activities.

New sources of power

Emerging or alternative ways of generating energy beyond traditional fossil fuels, such as solar or wind power.

Minority groups

Communities or populations that are differentiated from the majority of a population based on nationality, race, religion, or some other factor.

Secondary labour market jobs

Positions typically characterized by lower pay, less job security, and fewer benefits, often found in sectors with high turnover and less formal job qualification requirements.