How Do Economists View Positive Statements

question 47

Multiple Choice

How do economists view positive statements?

• A) affirmative, justifying existing economic policy
• B) optimistic, putting the best possible interpretation on things
• C) descriptive, making a claim about how the world is
• D) prescriptive, making a claim about how the world ought to be

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Definitions:

Superordinate

A term used to describe a higher-level or more general category in classification systems to which subcategories belong.

Subordinate

Lower in rank or position, often referring to an individual who is under the authority or control of another within an organizational or hierarchical structure.

Complex

A psychological term referring to a related group of emotionally significant ideas that cause distress or disturbance.

Classical View

In philosophy, the perspective that holds certain concepts or categories as absolute and universally applicable, often in contrast to more relativistic or subjective views.