Analysis that is limited to making either purely descriptive statements or scientific predictions is
A) positive economics.
B) normative economics.
C) microeconomics.
D) macroeconomics.

Question

Quizplus · Accepted Answer

Positive economics focuses on analyzing and describing economic behavior without making value judgments or advocating for a particular action or policy. This includes making descriptive statements about the way the economy functions or predicting the outcomes of certain events or policies based on empirical evidence. Normative economics, on the other hand, involves making recommendations or judgments about how the economy should function or what policy actions should be taken. Microeconomics and macroeconomics refer to different levels of analysis within economics, but are not directly related to the distinction between positive and normative economics.

Analysis That Is Limited to Making Either Purely Descriptive Statements