Which of the following statements concerning the distinction between positive and normative economics is true?
A) Positive statements are concerned with what is, while normative statements are concerned with what someone thinks should be.
B) Positive statements are concerned with what people think, while normative statements are concerned with what people do.
C) Positive statements are true while normative statements are false.
D) Positive statements are concerned with what is while normative statements are concerned with what will be.

Question

Quizplus · Accepted Answer

Positive statements are factual statements about the world, while normative statements express value judgments and opinions about what ought to be. Positive statements are objective and can be tested by data and evidence, while normative statements are subjective and cannot be proven or disproven by data alone.

Which of the Following Statements Concerning the Distinction Between Positive