The Difference Between Positive Economic Statements and Normative Economic Statements

question 131

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

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Basic, practical rules that are based on common sense or practical experience.

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