What is the primary difference between normative and positive economics?
A. Positive economics makes value judgments inappropriate to scientific research.
B. Normative economics is more firmly rooted in scientific tradition.
C. Governments use normative economics, and businesses use positive economics.
D. The goal of positive economics is to say what action people should take; this is not true in normative economics.
E. The goal of normative economics is to say what action people should take; this is not true in positive economics.
Do a little research, then take a shot.
Macroeconomics - Lesiba, Tuesday, March 12, 2013 at 7:41am
Explain the difference between basic and market price used in the national accounts