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Question : Positive economics is often associated with:

Option 1: Value judgments and moral considerations

Option 2: Economic theories and models

Option 3: Objective and value-free analysis

Option 4: Policy prescriptions and recommendations


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: Objective and value-free analysis


Solution : The correct answer is (c) Objective and value-free analysis.

Positive economics is often associated with objective and value-free analysis. It focuses on analyzing economic data and facts to provide an objective understanding of how the economy functions. Positive economics seeks to describe and explain economic phenomena based on observable evidence, without making value judgments or incorporating subjective opinions or moral considerations.

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