Practicing Success
A. Positive Economics - trying to understand mechanism is desirable or not Choose the correct answer from the options given below: |
A only B only D only E only |
B only |
Positive economics is concerned with describing and explaining economic phenomena without making value judgments. It involves understanding how economic mechanisms and systems function, without expressing whether these mechanisms are desirable or undesirable. Option B accurately reflects the nature of positive economics, as it emphasizes understanding the mechanism functions without addressing desirability or value judgments. |