The difference between a positive economic statement and a normative statement is that
a. a positive statement must be true; a normative statement is often not true
b. a normative statement must be true; a positive statement is often not true
c. a positive statement can be verified; a normative statement cannot
d. a normative statements can be verified; a positive statement cannot
e. a positive economic statement is a moral judgment; a normative economic statement is not a moral judgment
C
You might also like to view...
Among the advantages of the least-squares trend analysis techniques is
A) the ease of calculation. B) relatively little analytical skill required. C) its ability to provide information regarding the statistical significance of the results. D) All of the above
The speculative demand for holding money is when people hold money:
a. instead of near money. b. to transact purchases they expect to make. c. as insurance against unexpected needs. d. to speculate in the stock market. e. to take advantage of changes in interest rates.