36. Which of the following statements is FALSE? a) positive economics focuses on the way the economy actually works. b) normative economics involves value judgments. c) normative economics statements cannot be verified empirically (by observations) d) all of the above e) none of the above
36. Which of the following statements is FALSE? a) positive economics focuses on the way the economy actually works. b) normative economics involves value judgments. c) normative economics statements cannot be verified empirically (by observations) d) all of the above e) none of the above
Chapter1: What Economics Is About
Section: Chapter Questions
Problem 20QP
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Question
36. Which of the following statements is FALSE?
a) positive economics focuses on the way the economy actually works.
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b) normative economics involves value judgments.
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c) normative economics statements cannot be verified empirically (by observations)
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d) all of the above
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e) none of the above
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