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

Question

Quizplus · Accepted Answer

A positive economic statement is a statement of fact that can be tested or proven true, while a normative economic statement expresses an opinion or judgment about what ought to be. Positive statements are descriptive and can be verified through empirical evidence, whereas normative statements are prescriptive and cannot be tested or proven through factual evidence.

The Difference Between a Positive Economic Statement and a Normative