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What Is the Difference Between a Positive Economic Statement and a Normative

Question 78

Multiple Choice

What is the difference between a positive economic statement and a normative economic statement?  


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 statement can be verified; a positive statement cannot.

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