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Answer to Question #292766 in Microeconomics for anu

Question #292766
  1. which of the following options is positive Economics based upon?

a. ethics

b. value judgement

c. public opinion

d. facts



1
Expert's answer
2022-02-01T10:25:00-0500
  • d. Facts
  • Positive economics is based on facts and cannot be approved or disapproved.
  • It differs from normative economics which is based on value judgement.

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