The table below shows hypothetical data for volumes of e- books and hardcover books sold over a 3- year period in a particular city. $$\begin{array} { | c | c | c | }
\hline & \text { E- books } & \text { H ardcover Books } \
\hline \text { Year 1 } & 23000 & 72000 \
\hline \text { Year 2 } & 52000 & 59000 \
\hline \text { Year 3 } & 106000 & 31000 \
\hline
\end{array}$$ TABLE 2- 3
-Which is the best description of positive statements? Positive statements
A)form the basis of all normative arguments.
B)have been verified by appeal to factual evidence.
C)have no place in economics because economics deals only with value judgments.
D)are falsifiable in principle by appeal to factual evidence.
E)are seldom employed in social sciences like economics.

Question

The table below shows hypothetical data for volumes of e- books and hardcover books sold over a 3- year period in a particular city. $$\begin{array} { | c | c | c | } 
\hline & \text { E- books } & \text { H ardcover Books } \
\hline \text { Year 1 } & 23000 & 72000 \
\hline \text { Year 2 } & 52000 & 59000 \
\hline \text { Year 3 } & 106000 & 31000 \
\hline
\end{array}$$ TABLE 2- 3
-Which is the best description of positive statements? Positive statements
A)form the basis of all normative arguments.
B)have been verified by appeal to factual evidence.
C)have no place in economics because economics deals only with value judgments.
D)are falsifiable in principle by appeal to factual evidence.
E)are seldom employed in social sciences like economics.

Quizplus · Accepted Answer

Positive statements are objective and can be tested or falsified by examining factual evidence.

The Table Below Shows Hypothetical Data for Volumes of E-