Which of the following represents positive economics?
A) Policy A is fair.
B) Outcome B is the best objective to achieve.
C) If policy A is followed, then outcome B results.
D) All of the above.

Question

Quizplus · Accepted Answer

Positive economics is focused on describing facts and cause-and-effect relationships. Option C is a statement that describes a cause-and-effect relationship between Policy A and Outcome B, making it the only option that represents positive economics. Options A and B are normative statements, expressing opinions and judgments rather than objective facts.

Which of the Following Represents Positive Economics