Positive economics deals with

what is: facts that can be checkedCorrect answerYour answerwhat ought to be: value judgementsCorrect answerYour answeronly the futureCorrect answerYour answeronly government policyCorrect answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

A positive statement describes how things are and can be tested against evidence.
Statements about what ought to be belong to normative economics.

Concept: Positive economics
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsEconomic systems; positive and normative

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Ten questions from Central Problems & the PPC, at your own pace.

Practise this chapter →

Ten questions from Central Problems & the PPC, at your own pace.

Practise this chapter All 87 questions in Central Problems & the PPC Revise the notes for Central Problems & the PPC

Positive economics deals with

Explanation