A normative economic statement can be proved or disproved by reference to facts?

Question

Business

Luciano Brooks

3 April, 04:45

A normative economic statement can be proved or disproved by reference to facts?

+3

Answers (1)

Know the Answer?

Maxim Chan · Answer 1

No, A "Normative economic statements are those statements that cannot be either proved or disproved with reference to facts."

However, "Positive economic statements are those statements which can be either proved or disproved with reference to facts."