Question

When we specify that Economists should not be concerned with whether an Individual should use his income towards purchasing cigarettes or rice, we consider Economics as.

• A. Positive
• B. Normative
• C. Both (a) and (b)
• D. Neither (a) nor (b)

Answer 1

The correct option is A Positive

A positive statement- It is a factual statement. They can be tested or proven. These are objective statements.

It is a fact that it is the individuals who wish to purchase the item as per their needs economists should not concern with it, because every individual uses the income in their ways and every kind of manufacturer's income is also generated on the purchase of their manufactured product by individuals. hence here economics is considered as positive