Question : Assertion: Positive economics focuses on objective analysis based on data and facts.
Reason: Positive economics is value-laden and incorporates subjective 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: The assertion is true, but the reason is false.
Solution : The correct answer is (c) The assertion is true, but the reason is false.
The assertion is true. Positive economics aims to provide an objective understanding of economic phenomena through the analysis of empirical evidence and factual data. It seeks to describe and explain economic behavior and relationships without incorporating personal values, opinions, or subjective judgments.
The reason provided, is incorrect. Positive economics specifically aims to be value-free and objective. It focuses on empirical analysis and does not incorporate subjective judgments or personal values. Positive economics seeks to provide theories, models, and hypotheses that can be tested and verified using empirical evidence, allowing for objective analysis of economic phenomena.
Therefore, the correct answer is (c) The assertion is true, but the reason is false.
Related Questions
Trending Articles/News
