Understanding the Distinction Between Positive and Normative Economic Statements Is

Multiple Choice

Understanding the distinction between positive and normative economic statements is important because it

A) enables us to derive better forecasts of macroeconomic aggregates such as GDP
B) explains why economics is not a physical science
C) is the primary distinction between macroeconomics and microeconomics
D) provides a framework for understanding differences among economists
E) enables us to see the rationale behind economic models