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The Distinction Between Positive and Normative Economics Is That Positive

Question 32

Multiple Choice

The distinction between positive and normative economics is that positive economics deals with


A) inflation; normative economics deals with unemployment.
B) human wants; normative economics deals with resources.
C) economic benefits; normative economics deals with economic costs.
D) opportunity costs; normative economics deals with choice.
E) descriptive statements and predictions about the world; normative economics deals with what ought to be.

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