The Difference Between Positive Statements and Normative Statements Is That

question 153

Multiple Choice

The difference between positive statements and normative statements is that

• A) a positive statement involves a value judgment and a normative statement is a statement of fact.
• B) a positive statement is a statement of fact and a normative statement involves value judgments.
• C) value judgments are made in normative statements but assumed in positive statements.
• D) normative statements are provable while positive statements are not.

Understand the concept and purpose of social regulation in promoting safety and harmony within the community.

Identify the consequences of violating antitrust laws, including monetary penalties and other penalties associated with such violations.

Comprehend the principles of deregulation and its impact on competition and pricing in industries.

Recognize the role of government in regulating natural monopolies and its effects on firm incentive and efficiency.