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Author Question: How is positive economics different from normative economics?[br][br][b][color=#165FFA]Question ... (Read 112 times)

ahriuashd

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on: Jun 30, 2018
How is positive economics different from normative economics?

Question 2

Neuroeconomics suggests that the frontal lobe carries out most decision making and strategic thinking takes place in the prefrontal cortex.
 a. True
  b. False
  Indicate whether the statement is true or false


Jbrasil

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Positive economics describes and analyzes things as they are (or as objectively as they can be seen). Normative economics is about how things ought to be (it explicitly acknowledges the researcher's values).

Answer to Question 2

True


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