Positive economics
A) will usually indicate which economic policy is best.
B) is concerned with what ought to be.
C) is the same as normative economics.
D) is strictly quantitative and so has little to say to those with philosophical goals to achieve in policymaking.
E) produces verifiable statements.
Correct Answer:
Verified
Q59: Economics was originally called
A)political engineering.
B)political economy.
C)economic physics.
D)social
Q60: Those who support a laissez faire system
A)believe
Q61: To argue that economics is a partisan
Q62: A laissez faire system is an economy
Q63: Which of the following is a normative
Q65: A positive statement is necessarily a subjective
Q66: "Inflation is a more serious problem than
Q67: A system in which the government essentially
Q68: In modern market economies, the role government
Q69: All microeconomic issues are normative in nature.
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