The difference between positive and normative economics is that:
A) positive economics is what you are learning in school whereas normative economics is what you will learn in the real world.
B) normative economics is based on proven fact whereas positive economics is based on what should be.
C) positive economics describes, explains, and predicts economic events whereas normative economics recommends what economic policies should look like.
D) economists always use positive economics whereas politicians always use normative economics.
Correct Answer:
Verified
Q3: Which is a normative economic statement?
A) Tests
Q4: Which is a positive economic statement?
A) Raising
Q5: Which is a normative economic statement?
A) Raising
Q6: Gary Becker, a Nobel Prize-winning economist, argued
Q7: Which statement is an example of positive
Q9: Which is a positive economic statement?
A) Shortages
Q10: Which is a positive economic statement?
A) The
Q11: Normative economics is about:
A) verifying and confirming
Q12: Positive economics is:
A) about morals and values.
B)
Q13: Positive economics is about:
A) verifying and confirming
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