Which of the following statements is true?
A) Positive economics deals with issues that are subjective.
B) Normative statements depend on personal preferences.
C) Positive economics recommends what people ought to do.
D) Normative economic statements can be confirmed or disproven.

Question

Quizplus · Accepted Answer

Normative statements are subjective and depend on personal preferences or opinions, while positive economics deals with objective facts and can be confirmed or disproven through evidence. Therefore, option A and C are incorrect, and option D is also incorrect because normative statements cannot be confirmed or disproven like positive statements.

Which of the Following Statements Is True