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Wealth of an Economy

Which of thes...

Question

Which of these is correct, if economics is considered as a positive science?

A

Neutral between ends.

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B

Analyses human behaviour.

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C

Passes value judgements

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D

Specifies what "ought to be"

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Solution

The correct option is A Neutral between ends.
Positive science define economics as the study of setting up an effective relationship between the human wants and scarce means to maximize the satisfaction of most of the unlimited wants in the economy. Therefore, it described economics as a neutrality between various wants in the economy as it studies and solves the problem of scarcity

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