What Is the Distinction Between a Positive and a Normative

question 64

Multiple Choice

What is the distinction between a positive and a normative statement?

• A)Positive statements are assertions that can be tested with data,whereas normative statements are based on a value system of beliefs.
• B)Normative statements are assertions that can be tested with data,whereas positive statements are based on a value system of beliefs.
• C)The distinction depends on the context in which each statement is used.
• D)Positive statements are correct statements of fact,whereas normative statements are incorrect.

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.

Electricity Consumption

The amount of electrical energy used by households, businesses, and industries over a certain period, typically measured in kilowatt-hours (kWh).

Price Elasticity

A gauge of the extent to which the demand for a certain item is affected by fluctuations in its cost.

Electricity Consumption

The total amount of electric power used by consumers within a specific period.