Practice mode Application of Economics

How are positive statements in economics best described?

Correct answer B. Statements of description that can be tested

Explanation

Positive statements describe how the world is and can be confirmed or refuted with evidence, unlike normative statements, which prescribe what ought to be.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.