Question : Normative economics is often based on:

Option 1: Objective analysis and empirical evidence

Option 2: Subjective opinions and personal values

Option 3: Economic theories and models

Option 4: Historical trends and patterns

Question : Normative economics relies on:

Option 1: Statistical analysis and econometric models

Option 2: Subjective preferences and personal opinions

Option 3: Economic theories and mathematical equations

Option 4: Historical data and case studies

Question : Positive economics seeks to:

Option 1: Advocate for specific economic policies

Option 2: Assess the desirability of economic outcomes

Option 3: Describe and explain economic phenomena

Option 4: Make normative judgments based on personal values

Question : Select the most appropriate synonym of the word 'factual' in the given sentence and choose the correct option.
The scientist's hypothesis was based on empirical evidence and rigorous experimentation.

Option 1: Rigorous

Option 2: Hypothesis

Option 3: Evidence

Option 4: Empirical

Question : Positive economics aims to be:

Option 1: Objective and value-free

Option 2: Subjective and value-laden

Option 3: Ethically driven and value-oriented

Option 4: Theoretical and abstract