Which of the following represents positive economics?
A) Policy A is fair.
B) Outcome B is the best objective to achieve.
C) If policy A is followed, then outcome B results.
D) All of these.

Question

Quizplus · Accepted Answer

Positive economics is concerned with objective analysis that is based on empirical evidence and facts. Therefore, statement C is the only option that presents a cause-and-effect relationship that can be objectively tested and verified. Statements A and B involve value judgments, which are subjective and cannot be tested objectively, and are therefore not characteristic of positive economics.

Which of the Following Represents Positive Economics