Which of the following statements concerning the distinction between positive and normative economics is TRUE?

A) Positive statements are concerned with what is while normative statements are concerned with what will be.
B) Positive statements are concerned with what people think, while normative statements are concerned with what people do.
C) Positive statements are true while normative statements are false.
D) Positive statements are concerned with what is, while normative statements are concerned with what someone thinks should be.

FOORQUIZ ANSWER:

D) Positive statements are concerned with what is, while normative statements are concerned with what someone thinks should be.