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Commerce · Q875

Economics

Graduate and Post Graduate · Commerce · question 875

Q875

The statement that "economics is positive and not normative" means

A.
that economics can be used to prove that capitalism is better than socialism
B.
that economics tells us what kind of economic behaviour or policy is wholesome and what evil
C.
that economics tells policy makers which alternative to choose from among several efficient ones
D.
that economics can only indicate consequences of policies, choices, or conditions
Answer

Answer: Option D

Solution

Answer: Option D
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