Positive economics question, "What ought to be?" Normative economics predicts the consequences of alternative actions, answering the questions, "What is?" or "What will be?"

Name: Positive economics question, "What ought to be?" Normative economics predicts the consequences of alternative actions, answering the questions, "What is?" or "What will be?"
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is reversed. Positive economics deals with "what is" while normative economics deals with "what ought to be".

Positive Economics Question, "What Ought to Be?" Normative Economics Predicts