The Difference Between Positive Economic Statements and Normative Economic Statements

Multiple Choice

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.