The Distinction Between Positive and Normative Economics

question 76

Multiple Choice

The distinction between positive and normative economics

• A) is that positive economics applies only to microeconomic problems
• B) is that normative economics applies only to microeconomic problems
• C) is the difference between an assumption and a conclusion
• D) helps us understand why economists sometimes disagree with one another
• E) explains why economics is not a social science

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Definitions:

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