[Answer] Which of the following statements is true?A) Positive economics describes what people ought to do.B) Normative economics describes what people actually do.C) Positive economics generates objective descriptions that can be verified with data.D) Normative economics is free from value judgments tastes and preferences of economic agents.

Answer: C) Positive economics generates objective descriptions that can be verified with data.
Which of the following statements is true?A) Positive economics describes what people ought to do.B) Normative economics describes what people actually do.C) Positive econo…

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