Positive economics is concerned with ________.

what should be?

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what is?

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both (a) and (b)?

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what ought to be?

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Solution

The correct option is B what is?
Positive economics: It studies the fact of life i.e. it deals with 'things as they are'. It deals with what are the economic problems and how are they actually solved. It explains the cause and effect relationship and avoids giving suggestions. It asks the question 'What is'.

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