Question : Positive economics is concerned with:

Option 1: Making value judgments about economic policies

Option 2: Analyzing economic data and facts

Option 3: Prescribing how the economy should function

Option 4: Assessing the ethical implications of economic decisions

Question : Positive economics involves:

Option 1: Assessing the impact of economic policies on societal well-being

Option 2: Conducting experiments to test economic theories

Option 3: Evaluating the ethical implications of economic decisions

Option 4: Analyzing economic data to understand cause and effect relationships

Question : Normative economics focuses on:

Option 1: Describing economic theories and models

Option 2: Evaluating the impact of economic policies

Option 3: Predicting future economic trends

Option 4: Analyzing historical economic events

Question : Normative economics often involves:

Option 1: Forecasting economic indicators

Option 2: Analyzing historical economic trends

Option 3: Making policy recommendations based on personal values

Option 4: Conducting econometric analyses

Question : Normative economics is primarily concerned with:

Option 1: Analyzing economic data and trends

Option 2: Making value-free judgments about economic policies

Option 3: Evaluating economic theories and models

Option 4: Prescribing how the economy should function