Asked by Bryan Cakir on May 25, 2024
Verified
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.
Positive Economic Statement
A statement that can be proved or disproved by reference to facts.
Normative Economic Statement
A subjective statement that expresses an opinion or a value judgment about what ought to be, rather than what is.
Can Be Verified
Indicates that a certain piece of information, claim, or data can be checked and confirmed for accuracy or truthfulness.
- Identify the differences between positive and normative economic assertions.
Verified Answer
(H
(K12_HN) Hoang Hai LongMay 31, 2024
Final Answer :
C
Explanation :
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.
Learning Objectives
- Identify the differences between positive and normative economic assertions.