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Question : Positive economics involves:

Option 1: Assessing the impact of economic policies on societal well-being

Option 2: Conducting experiments to test economic theories

Option 3: Evaluating the ethical implications of economic decisions

Option 4: Analyzing economic data to understand cause and effect relationships


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 3rd Jan, 2024

Correct Answer: Analyzing economic data to understand cause and effect relationships


Solution : The correct answer is (d) Analyzing economic data to understand cause and effect relationships.

Positive economics involves analyzing economic data to understand cause and effect relationships. It focuses on providing objective analysis and understanding of how the economy functions based on empirical evidence and data. Positive economics aims to describe and explain economic phenomena by examining observable data, identifying patterns, and establishing causal relationships between economic variables.

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