Which of the following statements is true? A. Normative statements depend on personal preferences. B. Normative economic statements can be confirmed or dispr OC. Positive economics deals with issues that are subjective. OD. Positive economics recommends what people ought to do.
Which of the following statements is true? A. Normative statements depend on personal preferences. B. Normative economic statements can be confirmed or dispr OC. Positive economics deals with issues that are subjective. OD. Positive economics recommends what people ought to do.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Which of the following statements is true?
OA. Normative statements depend on personal preferences.
OB. Normative economic statements can be confirmed or dispre
OC. Positive economics deals with issues that are subjective.
OD. Positive economics recommends what people ought to do.
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