The difference between a positive economic statement and a normative statement is that
A)a positive statement must be true; a normative statement is often not true
B)a normative statement must be true; a positive statement is often not true
C)a positive statement can be verified; a normative statement cannot
D)a normative statements can be verified; a positive statement cannot
E)a positive economic statement is a moral judgment; a normative economic statement is not a moral judgment

Question

Quizplus · Accepted Answer

A positive economic statement is a statement about what is, while a normative statement is a statement about what ought to be. Positive statements can be verified or tested by looking at evidence and data, while normative statements cannot be tested in the same way. Therefore, choice C is the correct answer.

The Difference Between a Positive Economic Statement and a Normative