Which of the Following Statements Concerning the Distinction Between Positive

question 272

Multiple Choice

Which of the following statements concerning the distinction between positive and normative economics is true?

• A) Positive statements are concerned with what is, while normative statements are concerned with what someone thinks should be.
• B) Positive statements are concerned with what people think, while normative statements are concerned with what people do.
• C) Positive statements are true while normative statements are false.
• D) Positive statements are concerned with what is while normative statements are concerned with what will be.

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Definitions:

Population

The entire group of individuals or instances about whom the research may provide conclusions.

Group

A collection of individuals assembled for the purpose of conducting a study or observed in research, characterized by shared traits or conditions.

Null Hypothesis

A default hypothesis that there is no effect or no difference, and any observed difference is due to sampling or experimental error.

Sample Statistic

A numerical measure computed from a sample of data, used to estimate population parameters.