Why Is It Important to Be Able to Distinguish Positive

question 80

Multiple Choice

Why is it important to be able to distinguish positive from normative statements about economic policy?

• A)Positive statements are always true and are the basis of economic policy while normative statements are false and should never be used.
• B)Positive statements help us understand the good results of a policy change, and normative statements help us understand the negative results.
• C)Positive statements help us understand the value judgements towards a particular policy, while normative statements reflect the economy's response.
• D)Positive statements help us understand the economy's response to a particular policy, while normative statements reflect value judgments.

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Definitions:

Routing and Scheduling

The process of determining the most efficient routes and schedules for transportation and delivery services.

Carrier Selection

The process of choosing a logistics service provider or carrier to transport goods, considering factors like cost, reliability, and speed.

Mode Selection

The process of choosing the most appropriate method of transportation for goods based on factors like cost, time, and product characteristics.

Transportation Responsibility

The duty concerning the movement of goods including planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information.