why-is-it-important-to-distinguish-between-positive-and-normative-statements-in-

Question

Why is it important to distinguish between positive and normative statements in economic discussions?

Accepted Answer

To separate factual analysis from value-based judgments.

Answer

To ensure that all economic arguments are based on opinions.

Answer

Because all economic statements are inherently biased.

Answer

Because there is no difference between positive and normative statements.