All of the following statements are false except:
A) Normative economic statements are statements of fact.
B) In positive economics, we are detached scientists and personal values do not enter our description of economic events.
C) "The unemployment rate for September, 1987 was 5.9 percent" is a normative statement.
D) "The government should provide a minimum income to every citizen" is a positive statement.

Question

Quizplus · Accepted Answer

Positive economics deals with objective analysis and facts, aiming to describe and explain economic phenomena without the influence of personal values or opinions, which aligns with the description of being "detached scientists."

All of the Following Statements Are False Except