Question: The difference between positive and normative economics can be stated as: a) positive economics involves value judgments while normative economics involves objective analysis b) positive

The difference between positive and normative economics can be stated as:

a) positive economics involves value judgments while normative economics involves objective analysis

b) positive economics tries to identify what will make individuals better off while normative economics tries to identify what will make society better off

c) positive economics deals with theories while normative economics deals with facts

d) positive economics studies how the economy works while normative analysis studies what an economy's goals should be

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