Difference between normative and positive statements

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Reference no: EM131007972

What is the difference between normative and positive statements?

a. Positive statements involve subjective value judgments; normative statements try to be objective.

b. Normative statements are concerned with what is; positive statements are all about what the goals of the economy should be.

c. Positive statements originate from classical economics; normative statements are rooted in Keynesian economics.

d. Positive statements are all about what is; normative statements are concerned with what the goals of the economy should be.

Reference no: EM131007972

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