Which of the Following Most Clearly Distinguishes Between Positive and Normative

question 138

Multiple Choice

Which of the following most clearly distinguishes between positive and normative economics?

• A) Positive economics is the study of what ought to be; normative economics is concerned with the facts.
• B) Positive economics is the study of the facts; normative economics is concerned with what ought to be.
• C) Positive economics is the study of supply and demand in narrowly defined markets such as the market for shoes; normative economics focuses on highly aggregated markets such as the market for all consumer products.
• D) Positive economics is the study of goods that are scarce; normative economics is concerned with goods that are not scarce.

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Definitions:

Apgar Score

A quick test performed on a newborn baby at 1 and 5 minutes after birth to assess their physical condition and determine any immediate need for extra medical or emergency care.

Cerebral Palsy

A group of permanent movement disorders that appear in early childhood, affecting muscle tone, posture, and movement as a result of damage to the brain before, during, or just after birth.

Neurological Damage

Harm or injury to the nervous system, including the brain and spinal cord, which can result from various causes such as trauma, disease, or exposure to toxic substances.

Sleep Rhythms

The patterns of sleep and wakefulness, often referred to as circadian rhythms, that are regulated by internal biological clocks.