Question : Assertion: Positive economics focuses on objective analysis and the description of how the economy works.
Reason: Positive economics seeks to explain economic phenomena without making value judgments.
Option 1: Both the assertion and reason are true, and the reason is a correct explanation of the assertion.
Option 2: Both the assertion and reason are true, but the reason is not a correct explanation of the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer: Both the assertion and reason are true, and the reason is a correct explanation of the assertion.
Solution : The correct answer is (a) Both the assertion and reason are true, and the reason is a correct explanation of the assertion.
The assertion is true. Positive economics is an approach to economics that seeks to understand and explain economic phenomena based on objective analysis, empirical evidence, and data. It aims to provide descriptive explanations of economic behavior and outcomes, without incorporating personal values or making normative judgments.
The reason provided is a correct explanation of the assertion. Positive economics aims to be value-free and objective, focusing on the analysis and explanation of economic behavior and outcomes based on facts and evidence. It does not involve subjective judgments or normative statements about what should or should not be.
Therefore, the correct answer is Both the assertion and reason are true, and the reason is a correct explanation of the assertion.
