Propositions in positive economics
A) can be tested by comparisons with facts.
B) yield results that depend on individual values or preferences.
C) are rarely agreed to by both conservative and liberal economists.
D) make statements about what ought to be.
E) are generally identical to those of normative economics.

Question

Quizplus · Accepted Answer

Propositions in positive economics can be tested by comparisons with facts, making them capable of being verified or falsified through empirical data. The other choices are incorrect as proposition in positive economics are not dependent on values or preferences (B), can be agreed by economists of different persuasions (C), do not make statements about what ought to be (D), and are distinct from normative economics (E).

Propositions in Positive Economics