The difference between positive economic statements and normative economic statements is that
a. positive statements are based on opinion while normative statements are based on fact
b. positive statements are true and normative statements are often false
c. positive statements are often false and normative statements are true
d. positive statements are based on fact while normative statements are based on opinion
e. both b and d.
D
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Which contingency theory focuses on the readiness of the employees?
a. path-goal model b. life cycle model c. vroom-yetton model d. fiedler model
Consider a two-country, two-commodity model. The table below shows the units of Good X and Good Y produced in Country A and Country B per labor hour. If Country A transfers one labor hour from the production of Good Y to the production of Good X, total world production of Good X will ________ by ________ unit(s). ProductivityCountry ACountry BGood X1.000.50Good Y0.200.70
A. decrease; 0.7 B. increase; 0.5 C. increase; one D. decrease; 1.43