Question: Differentiate between the concepts that follow: [10] (a) Normative and a positive economics. (b) Cost-effectiveness and cost-efficiency (c) Weak sustainability and strong sustainability (d) Revealed

Differentiate between the concepts that follow: [10] (a) Normative and a positive economics. (b) Cost-effectiveness and cost-efficiency (c) Weak sustainability and strong sustainability (d) Revealed preference methods and stated preference methods (e) Environmental economics and natural resource economics

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