Economists tell stories
a. in order to breathe life into economic theory and personalize abstract ideas
b. because economics is an art, not a science
c. as a way of rigorously testing economic theory
d. because doing so is a required part of the scientific method
e. to show how their theory can predict at least one real-world situation
Question 2
The difference between positive economic statements and normative economic statements is that
a. both c and e are true
b. positive statements are based on opinion while normative statements are based on fact
c. positive statements are true and normative statements are often false
d. positive statements are often false and normative statements are true
e. positive statements are based on fact while normative statements are based on opinion
