The difference between a positive economic statement and a normativestatement 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 that describes the world as it is, can be tested, and is objective. A normative economic statement is a statement that expresses an opinion or judgment about what ought to be, cannot be tested, and is subjective. Therefore, a positive statement can be confirmed or disproved through evidence and data, while a normative statement reflects personal values and beliefs.

The Difference Between a Positive Economic Statement and a Normativestatement