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Question

As per Robbins definition, Economics is a ______

A
Normative science
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B
Positive science
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C
Negative science
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D
Positive Art
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Solution

The correct option is B Positive science

Positive science- It does a cause and effect analysis. Economics is both positive and normative science. positive science answers about what is or how the economic problem facing a society are actually solved. thus, in positive economics we study human decision as facts which can be verified with actual data. Therefore as per Lord Robbins economics is positive science.


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