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What is the primary difference between normative and positive economics? A. Positive economics makes value judgments inappropri...Asked by John
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.
Thank you for using the Jiskha Homework Help Forum. Hopefully the following site will explain the difference to you:
http://www.cals.ncsu.edu/course/are012/lecture/lectur1/tsld005.htm
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.
Thank you for using the Jiskha Homework Help Forum. Hopefully the following site will explain the difference to you:
http://www.cals.ncsu.edu/course/are012/lecture/lectur1/tsld005.htm
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E. The goal of normative economics is to say what action people should take; this is not true in positive economics.
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