Economists view positive statements as
A)affirmative,justifying existing economic policy.
B)optimistic,putting the best possible interpretation on things.
C)descriptive,making a claim about how the world is.
D)prescriptive,making a claim about how the world ought to be.

Question

Quizplus · Accepted Answer

Positive statements are descriptive statements that aim to make claims about how the world is. They are based on observations and data and are meant to be factual and objective, without any normative judgments or value judgments. Positive statements are used in economics to describe how markets work, how consumers behave, how firms make decisions, and how governments intervene in the economy, among other things. Positive statements can be tested and validated or falsified through empirical analysis and research.

Economists View Positive Statements as