Positive Economics

question 144

Multiple Choice

Positive economics

• A) always gives an optimistic spin to economic news.
• B) is concerned with the economic policies that should be implemented.
• C) is objective.
• D) was not used by nineteenth century economists.

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Definitions:

Generate Income

The process of creating revenue or earnings through various sources such as work, investments, or business activities.

Converted

Changed or transformed from one state, form, or function to another.

Weak Euro

A situation where the European Union's currency, the euro, has lower value compared to other major currencies, affecting international trade and economic policies.