Which of the following is a difference between positive economics and normative economics?
A) Positive economics helps us understand an economy's response to a particular policy, while normative economics reflects value judgments.
B) Positive economics helps us understand the positive effects of a policy change, while normative economics helps us understand the negative results of a policy change.
C) Positive economics is a branch of microeconomics, while normative economics is a branch of macroeconomics
D) Positive economics is a branch of macroeconomics, while normative economics is a branch of microeconomics.
E) Positive economics is used by economists to evaluate the performance of an economy, while normative economics is used by governments to formulate economic policies.
Correct Answer:
Verified
Q66: Which of the following statements best illustrates
Q67: The importance of the ceteris paribus assumption
Q68: Which of the following is true of
Q69: A leading game console manufacturer reduces the
Q70: Which of the following statements best illustrates
Q72: Which of the following is a statement
Q73: Suppose it is observed in a school
Q74: Economists prefer:
A)measuring declared preferences for forecasting because
Q75: The fallacy of composition is essentially the
Q76: In the context of correlation and causation,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents