Attempts to determine "what is" are part of __________ economics.
A) positive
B) normative
C) positive and normative
D) neither positive nor normative

Question

Quizplus · Accepted Answer

Positive economics deals with objective analysis and attempts to determine what is or how things are, without making value judgments or recommendations for action. Normative economics, on the other hand, involves subjective analysis and attempts to determine what ought to be or what actions should be taken based on personal values and goals. Therefore, attempts to determine "what is" belong to positive economics.

Attempts to Determine "What Is" Are Part of __________ Economics