Positive economics is a method of inquiry that attempts to ...

[misspop]

Positive economics is a method of inquiry that attempts to explain the observable, and is limited to verifiable statements, while normative economics suggests a course of action that we should take based on a particular set of values and preferences.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The statement It is better to suffer a little more unemployment than a little lower price is an example of normative economic analysis.
 a. True
  b. False
  Indicate whether the statement is true or false

[ambernicolefink]

Answer to Question 1

True

Answer to Question 2

True

[misspop]

TYSM

[Joy Chen]

Thanks for the timely response, appreciate it