The difference between positive and normative Economics is:
A. Positive Economics explains the performance of the economy while normative Economics finds out the reasons for poor perfor¬mance.
B. Positive Economics describes the facts of the economy while normative Economics involves evaluating whether some of these are good or bad for the welfare of the people.
C. Normative Economics describes the facts of the economy while positive Economics involves evaluating whether some of these are good or bad for the welfare of the people.
D. Positive Economics prescribes while normative Economics de-scribes.
Answer:B
The difference between positive and normative Economics is:
A. Positive Economics explains the performance of the economy while normative Economics finds out the reasons for poor perfor¬mance. B. Positive Economics describes the facts of the economy while normative Economics involves evaluating whether some of these are good or bad for the welfare of the people. C. Normative Economics describes the facts of the economy while positive Economics involves evaluating whether some of these are good or bad for the welfare of the people. D. Positive Economics prescribes while normative Economics de-scribes.