Which of the following statements about positive economic analysis is false?
A)Positive analysis uses an economic model to estimate the costs and benefits of different course of actions.
B)There is much more disagreement among economists over normative economic analysis than over positive economic analysis.
C)There is much more disagreement among economists over positive economic analysis than over normative economic analysis.
D)Unlike normative economic analysis, positive economic analysis can be tested.

Question

Quizplus · Accepted Answer

There is generally more agreement among economists over positive economic analysis because it is based on empirical evidence and can be tested. Normative economic analysis, on the other hand, is based on value judgments and personal beliefs, which can vary among individuals and groups. Positive analysis is used to describe and explain economic phenomena, while normative analysis involves making judgments about what should or should not be done.

Which of the Following Statements About Positive Economic Analysis Is