Positive economic analysis utilizes:
A)value judgments of highly trained professional economists.
B)economic theories and empirical tests of the theories.
C)normative economic theories in arriving at judgments on the suitability of a change in government economic policy.
D)the same criteria as normative economics,but does not take into consideration the value judgments of the policy makers.

Question

Quizplus · Accepted Answer

Positive economic analysis relies on economic theories and empirical tests of the theories to make value-free predictions about economic phenomena, while avoiding value judgments or normative economic theories.

Positive Economic Analysis Utilizes