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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