Question : Statement 1: Positive economics deals with objective analysis and focuses on explaining economic phenomena as they are.

Statement 2: Normative economics involves subjective judgments and aims to prescribe what economic policies should be implemented.

Question : Positive economics involves:

Question : "Economics is what it ought to be" - This statement refers to 

Question : Statement 1: Positive economics aims to determine how changes in the price of a good affect its quantity demanded.

Statement 2: Normative economics focuses on analyzing the impact of government policies on consumer behavior.

Question : The analysis of the interrelationship between the economy and the environment in the economic environmental accounting system was forwarded by_____.