"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.
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Explain spending caps set by the Budget Enforcement Act
What will be an ideal response?
Economics