Question

Which of the following statements is not true about positive statements?

• A. Positive economics says nothing about the ends.
• B. Positive economics says about the objective statements that can be accepted or rejected
• C. Positive economics is concerned with moral judgements.
• D. A normative statement involves ethical values.

Answer 1

Answer: (C)

Positive economics is concerned with moral judgements.

Positive economics is not concerned with moral judgements, because it does not pass value or moral judgements, and is rather based on facts and cause and effect relationship.