true or false: positive economics encourages value judgments.

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27-06-2022
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true or false: positive economics encourages value judgments.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-06-30T04:11:29+02:00

The statement "positive economics encourages value judgments." is False because Instead of relying on subjective assessments, positive economists look at hard evidence. This is further explained below.

What is positive economics?

Generally, positive economics is simply defined as Positive economics seeking to provide an unbiased evaluation of the field. This entails looking into the past as opposed to the present situation.

In conclusion, a value judgment is one's opinion of something's quality according to one's own criteria and weightings.