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.
D)a normative statement can be verified,while a positive statement cannot.
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 can be tested and verified by data or observations. On the other hand, a normative economic statement expresses a value judgment or opinion and cannot be tested or verified by objective methods.

The Difference Between a Positive Economic Statement and a Normative