Positive economics is descriptive because ________.
A) it is based on ethical judgments.
B) its predictions cannot be verified with data.
C) it prescribes what an individual or society ought to do.
D) it explains what has happened or predicts what will happen.
Correct Answer:
Verified
Q2: Differentiate between positive and normative economics using
Q3: What are scarce resources? Why are economic
Q4: Which of the following is an example
Q5: Economics is primarily the study of _.
A)
Q6: _ is analysis that generates objective descriptions
Q7: Which of the following best describes scarce
Q8: Which of the following statements correctly differentiates
Q9: Which of the following is an example
Q10: Which of the following is NOT a
Q11: Which of the following is an example
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