The Difference Between Positive Economic Statements and Normative Economic Statements

question 88

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

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Definitions:

Cultural Display Rules

Norms or customs within a culture that dictate how emotions should be expressed or suppressed in various social contexts.

Social Desirability

The habit of people replying to questions in such a way that they think will impress or be approved by others.

Biological Motives

Biological motives refer to the innate drives that guide behavior and are necessary for survival, such as hunger, thirst, and the need for sleep.

Personal Projects

Individual pursuits or tasks that a person undertakes, reflecting personal goals or desired outcomes.