Which of the following statements is TRUE regarding the textbook used in this course?
A) The textbook presents only economic theory, so no value judgments are involved in the text.
B) The textbook does not include normative statements.
C) The microeconomic section of the book includes only positive analysis while the macroeconomic section includes normative analysis.
D) The selection of topics included in the book involves value judgments as well as economic theory.

Question

Quizplus · Accepted Answer

The selection of topics in the textbook involves value judgments in addition to economic theory. The textbook includes both positive and normative statements, and it covers both microeconomic and macroeconomic analysis.

Which of the Following Statements Is TRUE Regarding the Textbook