"The difference between positive and normative statements is that a positive statement is always true while a normative statement might or might not be true." True or false? Explain

Indicate whether the statement is true or false

False. The difference between positive and normative statements is that a positive statement is about what is, while a normative statement is about what ought to be. A positive statement can be tested against the facts and may be proved to be right or wrong, whereas a normative statement depends on values and cannot be tested.

Economics

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Holding everything else constant, a country's imports will decrease if the:

A) country's currency appreciates. B) country's currency depreciates. C) country's currency is revalued. D) none of the above.

Economics

Explain spending caps set by the Budget Enforcement Act

What will be an ideal response?

Economics