The distinction between positive and normative economics
A) is that positive economics applies only to microeconomic problems.
B) is that normative economics applies only to microeconomic problems.
C) explains why economics is not a social science but a natural science.
D) helps us to understand why economists sometimes disagree with one another.

Question

Quizplus · Accepted Answer

Positive economics deals with objective analysis and facts, while normative economics involves subjective judgments and opinions. This distinction helps explain why economists may disagree, as they may have different normative views.

The Distinction Between Positive and Normative Economics