Positive economics:
A) will usually tell us which policy is best.
B) reveals "what ought to be" in economic matters.
C) is of little use to policy makers.
D) is the scientific study of "what is" among economic relationships.

Question

Quizplus · Accepted Answer

Positive economics is the scientific study of "what is" among economic relationships, focusing on describing and explaining economic phenomena without making value judgments or prescribing how things should be. It helps to understand the economic realities and to form the basis of sound economic policy decisions. Therefore, option D is the correct answer.

Positive Economics