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differentiates between positive and normative economics? gments, whereas normative economics is not. t people ought to do, whereas normative economics describes what people actually do whereas normative economics is advisory. pplied to microeconomics, whereas normative economics can be applied to both microeconoPL Which of the following statements correctly differentiates between positive and normative A. Positive economics is based on judgments, whereas normative economics is not. OB. Positive economics describes what people ought to do, whereas normative econon O C. Positive economics is descriptive, whereas normative economics is advisory. O D. Positive economics can only be applied to microeconomics, whereas normative ecoA measure of goodness of t of a Poisson regression model is deviance. In comparing two Poisson regression models. if you compute the deviance for each model, then calculate: drop-indeviance = residual deviance for reduced model - residual deviance for the larger model. A large drop-in- deviance favors the larger model. 0 True 0 False Different people view things and outcomes differently. This is referred to as... Select one: O scarcity macroeconomics subjective values microeconomics rationing free goods rational decision-making scarce goods economics normative economics positive economics O ceteris paribus