Question

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

Answer 1

Answer:

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.