A positive economic statement:
a. contains personal and social value judgments.
b. is always a mathematical expression.
c. should never be used by an economist.
d. is proper provided the advocator is clear the position rests on personal assessment.
e. is an unbiased report of the facts of the economy.
Question 2
Positive economics is a(n):
a. reflection of a country's values.
b. judgment of the correctness of an economic outcome.
c. statement of fact.
d. analysis of what ought to be.
e. analysis of all the good market outcomes.