Which of the Following Statements Is True

question 100

Multiple Choice

Which of the following statements is true?

• A) Positive economics describes what people ought to do.
• B) Normative economics describes what people actually do.
• C) Positive economics generates objective descriptions that can be verified with data.
• D) Normative economics is free from the value judgments, tastes, and preferences of economic agents.

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Definitions:

Clarify Reality

The process of making situations, expectations, or concepts more understandable and clear, often used in counseling or educational settings.

Normative Social Influence

The influence to conform with the positive expectations of others, often to gain approval or avoid social sanctions, unrelated to actual beliefs or facts.

Cognitive Dissonance

The unsettling sensation experienced when a person simultaneously upholds multiple conflicting beliefs, ideas, or values.

Group Members

Individuals who belong to a defined collective or team, sharing common goals or purposes.