One Thing That Distinguishes Normative Economic Principles from Positive Economic

question 36

Multiple Choice

One thing that distinguishes normative economic principles from positive economic principles is that:

• A)normative principles are pessimistic and positive principles are optimistic.
• B)normative principles reflect social norms, and positive principles reflect universal truths.
• C)normative principles tell us how people should behave, and positive principles tell us how people will behave.
• D)normative principles tell us how people will behave, and positive principles tell us how people should behave.