[Answer] Which of the following statements correctly differentiates between positive and normative economics?A) Positive economics is descriptive whereas normative economics is advisory.B) Positive economics describes what people ought to do whereas normative economics describes what people actually do.C) Positive economics is based on judgments whereas normative economics is not.D) Positive economics can only be applied to microeconomics whereas normative economics can be applied to both microeconomics and macroeconomics.

Answer: A) Positive economics is descriptive whereas normative economics is advisory.
Which of the following statements correctly differentiates between positive and normative economics?A) Positive economics is descriptive whereas normative economics is advisory.B) Positive economics describes what people ought to do whereas normative economics d…

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