Ask Question
BusinessBusiness
13 December, 21:59

Positive economics: a) makes recommendations designed to achieve certain goals. b) is based on value judgments. c) involves statements that can be proven true or false. d) can never be used to make predictions

+5
Answers (1)
  1. 13 December, 22:05
    0
    C. Involves statements that can be proven true or false

    Explanation:

    Positive Economics includes objective statements, based on factual data, describing 'what actually is'. The statements describe economic issues & cause - effect relationship, can be tested or proved.

    Eg : The inflation rate in India in 2019 was xyz %.

    The statement is a factual data description of an actual economic issue, which can be tested.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Positive economics: a) makes recommendations designed to achieve certain goals. b) is based on value judgments. c) involves statements that ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What are the four types of consumer goods?
Answers (2)
A company which sources raw materials and components from overseas will hold extra inventory of these items due to a mismatch between the timing of customer demand and supply chain lead times. This type of inventory is A. cycle stock. B.
Answers (1)
Ned's company has supported the Little League, Pop Warner football, the high school band, and many other local charities but isn't getting the amount of press he feels his actions deserve. Why might this be true? Select one: a.
Answers (1)
Governments may intervene in a market economy in order to
No Answers
One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings.
Answers (1)
New Questions in Business
If I swallow 3 tons of white liquid and ratika swallows only 7 kilograms who swallows more?
Answers (2)
Which of the following regarding preferred stock is true? the price in the market remains at par if the required rate of return increases, the price decreases if the price decreases, required rate of return has decreased if the required rate of
Answers (1)
Consider this scenario: a company that buys a sizeable amount of equipment for its manufacturing process needs to accurately report such expenditures, so it calls upon the services of financial auditors.
Answers (1)
Under the Uniform Commercial Code (UCC), a firm offer applies to: a. an unlimited, stipulated period of time. b. a written, signed offer by a merchant to buy or sell goods. c. a written, signed offer by anyone to buy or sell goods. d.
Answers (1)
The economic principle that states that individuals or nations can gain by specializing in the production of goods that they produce cheaply and exchanging for other desired goods that they could only produce at a higher cost is
Answers (1)
Home » Business » Positive economics: a) makes recommendations designed to achieve certain goals. b) is based on value judgments. c) involves statements that can be proven true or false. d) can never be used to make predictions
Sign Up Forgot Password?