The Difference Between Positive Economic Statements and Normative Economic Statements

question 71

Multiple Choice

The difference between positive economic statements and normative economic statements is that

• A) positive statements are based on opinion while normative statements are based on fact
• B) positive statements are true and normative statements are often false
• C) positive statements are often false and normative statements are true
• D) positive statements are based on fact while normative statements are based on opinion
• E) both b and d.

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Definitions:

Cribriform Plate

A sievelike structure within the skull that provides a passageway for olfactory nerves from the nasal cavity to the brain.

Optic Canal

A narrow passageway in the skull through which the optic nerve runs from the eye to the brain.

Sella Turcica

A saddle-shaped depression in the sphenoid bone at the base of the human skull, housing the pituitary gland.