Positive economics (A) does not depend on market interactions. (B) only looks at the best parts of the economy. (C) examines how the economy actually works (as opposed to how it should work). (D) is very subjective.

UoH 2011 Question 48: Schools of economic thought and methodology

Positive economics

Tap an option to check your answer.

Checking your account…

Schools of economic thought and methodology has come up 67 times in 5 exams since 2011.

This question is on Methodology: positive and normative economics, part of Schools of economic thought and methodology in Macroeconomics.

The difference between describing what is and judging what ought to be.

This is the only past-paper question on this subtopic in TestStop's bank.