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One Thing That Distinguishes Normative Economic Principles from Positive Economic

Question 112

Multiple Choice

One thing that distinguishes normative economic principles from positive economic principles is that:


A) normative principles are pessimistic and positive principles are optimistic.
B) normative principles reflect social norms, and positive principles reflect universal truths.
C) normative principles tell us how people should behave, and positive principles tell us how people will behave.
D) normative principles tell us how people will behave, and positive principles tell us how people should behave.

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