What Is the Difference Between a Positive Economic Statement and a Normative

question 240

Multiple Choice

What is the difference between a positive economic statement and a normative one?

• A) Positive economic statements are descriptive in nature, while normative economic statements are quantitative.
• B) Positive economic statements are used to explain economic behaviour, while normative economic statements are used to predict economic behaviour.
• C) Positive economic statements are descriptive in nature, while normative economic statements involve value judgments.
• D) Positive economic statements involve value judgments, while normative economic statements are descriptive in nature.

---

Definitions:

Individualistic Culture

Characterizes societies that prioritize the needs and goals of the individual over those of the group, often associated with personal independence, self-expression, and a lower degree of social connection.

Collective Culture

A cultural orientation emphasizing communal relationships, social cohesion, and the prioritization of group over individual goals.

Groups Rather

A way of referring to the preference or tendency to achieve objectives or conduct activities in groups rather than individually.

Rapid Career Growth

The process of quickly advancing in one's career, often characterized by frequent promotions, increased responsibilities, or significant skill development.