The Difference Between Positive Economic Statements and Normative Economic Statements

question 77

Multiple Choice

The difference between positive economic statements and normative economic statements is that

• A)both c and e are true
• B)positive statements are based on opinion while normative statements are based on fact
• C)positive statements are true and normative statements are often false
• D)positive statements are often false and normative statements are true
• E)positive statements are based on fact while normative statements are based on opinion

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Definitions:

Stock Price

The cost of purchasing a single share of a company's stock, determined by the demand and supply in the stock market.

Apex Resources

A term potentially referring to a company, project, or materials designated as top or highest quality within a specific domain or sector.

Trade Discount

A reduction in the list price granted by a seller to a buyer, often based on the volume of goods purchased or to maintain a business relationship.

Net Cost

The overall expense involved in a purchase or investment after subtracting any discounts, rebates, or other financial incentives.