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.

---

Definitions:

Magical Predictions

Imaginative or speculative forecasts often rooted in fantasy rather than empirical evidence or scientific methods.

Personality Disorder

A category of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from those accepted by the individual's culture.

Unusual Thoughts

Thoughts that deviate significantly from what is considered normal or conventional, often characterized by odd or unconventional viewpoints or ideas.

Masturbates

The act of stimulating one's own genitals for sexual pleasure.