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Commerce · Q697

Economics

Graduate and Post Graduate · Commerce · question 697

Q697

The main difference between positive economics and normative economics is that the former

A.
discusses the ethical implications of its laws
B.
concerns itself only with hypothesis which can generally be tested
Answer
C.
is based on the value judgements of economists
D.
considered carefully the political significance of its laws for a democratic society

Answer: Option B

Solution

Answer: Option B
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