Positive economics

A. postulates relationships among economic variables that are potentially refutableby real-world events.

B. is strictly quantitative and is, therefore, of little value to policy makers.

C. will usually indicate which economic policy is best.

D. is the same as normative economics.

Question

Business

Jane

27 May, 06:07

Positive economics

A. postulates relationships among economic variables that are potentially refutableby real-world events.

B. is strictly quantitative and is, therefore, of little value to policy makers.

C. will usually indicate which economic policy is best.

D. is the same as normative economics.

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Answers (1)

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Cristian Elliott · Answer 1

D: is the same as normative economics.

Explanation:

Positive economics is the same as normative economics that is the branch of economics that involves the summary as well as an explanation of economic events. It concentrates on events and behavioral connections of cause and effect and it too involves in the development and examination of economic principles. sometimes Positive economics is explained as the economics of what is'' while normative economics explains "what ought to be".

Positive economicsA. postulates relationships among economic variables that are potentially refutableby real-world events.B. is strictly quantitative and is, therefore, of little value to policy makers.C. will usually indicate which economic policy is best.D. is the same as normative economics.