What is the primary difference between normative and positive economics?
O A. The goal of positive economics is to say what action people
should take; this is not true in normative economics.
B. Normative economics is more firmly rooted in scientific tradition.
O C. Governments use normative economics, and businesses use
positive economics.
D. The goal of normative economics is to say what action people
should take; this is not true in positive economics.
O E. Positive economics makes value judgments inappropriate to
scientific research,

Question

03-02-2021
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What is the primary difference between normative and positive economics?
O A. The goal of positive economics is to say what action people
should take; this is not true in normative economics.
B. Normative economics is more firmly rooted in scientific tradition.
O C. Governments use normative economics, and businesses use
positive economics.
D. The goal of normative economics is to say what action people
should take; this is not true in positive economics.
O E. Positive economics makes value judgments inappropriate to
scientific research,

Sagot :

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AnShults AnShults · Answer 1 · 2021-02-07T22:52:55-05:00

Answer:

Governments use normative economics, and businesses use positive economics.

Explanation:

Normative economics concentrates on the importance of economic equity, or what the marketplace 'should be' or 'ought to be' whether positive economics is based on experience and cannot be confirmed or disallowed, normative economics is established on worth judgments. An example of positive economics is, an increment in tax rates eventually results in a reduction in total tax wealth. On the other hand, normative economics is, unemployment hurts an economy more than inflation.

Sagot :

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