What Is the Difference Between a Positive Economic Statement and a Normative

question 78

Multiple Choice

What is the difference between a positive economic statement and a normative economic statement?  

• A) A positive statement must be true; a normative statement is often NOT true. 
• B) A normative statement must be true; a positive statement is often NOT true. 
• C) A positive statement can be verified; a normative statement cannot. 
• D) A normative statement can be verified; a positive statement cannot.

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Definitions:

Landslide

The sudden and rapid movement of a large amount of earth material, such as rock and soil, downslope due to gravity.

Unconformity

A surface of erosion or non-deposition that separates younger strata from older rocks, indicating a gap in the geologic record.

Conglomerate

A conglomerate is a coarse-grained sedimentary rock composed of rounded fragments larger than 2 mm in diameter, embedded in a matrix of finer particles and cement.

Shale Layer

A shale layer is a sedimentary rock formation characterized by fine-grained clay particles, often found in various geological strata and known for being a source of oil and natural gas through hydraulic fracturing.