Positive economics is a(n):
A) reflection of a country's values.
B) judgment of the correctness of an economic outcome.
C) statement of fact.
D) analysis of what ought to be.
E) analysis of all the good market outcomes.

Question

Quizplus · Accepted Answer

Positive economics deals with impartial analysis of economic facts and data without any value judgments or subjective opinions. It presents a statement of objective reality and focuses on "what is" rather than "what ought to be."

Positive Economics Is A(n)