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Use the following two statements to answer this question: I. In order to answer normative questions, it is necessary to make value judgments. II. In
Use the following two statements to answer this question:
I. In order to answer normative questions, it is necessary to make value judgments.
II. In order to conduct positive economic analysis, it is always necessary to use empirical evidence in addition to economic theories.
Select one:
a. I and II are incorrect.
b.I is correct, II is incorrect.
c. I is incorrect, II is correct.Incorrect
d. Both I and II are correct.
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