Which of the Following Statements About Positive Analysis Is Correct

question 22

Multiple Choice

Which of the following statements about positive analysis is correct?

• A)Positive analysis prescribes the best solution to an economic problem.
• B)Positive analysis predicts how an economic system will change over time.
• C)While normative analysis can be wrong, since it is often based on someone's opinion, positive analysis is always accurate.
• D)Since positive analysis is based on a model, and not the real world, it is mostly irrelevant.

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Definitions:

Delphi Technique

A method used in forecasting and decision-making, where a panel of experts answers questionnaires in several rounds, and after each round, their responses are aggregated and shared with the group for further refinement.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone in the group by having members write down their ideas and then collectively discussing and ranking them.

Delphi Technique

A method used to gather data and achieve consensus among experts through multiple rounds of questioning and feedback.

Rational Decision-Making Technique

A systematic approach to make decisions that are logical and based on available information, without letting emotions interfere.