Questions: True or false: Positive economics encourages value judgments.

True or false: Positive economics encourages value judgments.
Transcript text: True or false: Positive economics encourages value judgments.
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Solution

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Answer

The answer is False

Explanation

Positive economics is a branch of economics that focuses on describing and explaining economic phenomena without making value judgments. It deals with objective analysis and facts, such as "what is" rather than "what ought to be." Positive economics aims to understand how economies function and to predict economic outcomes based on empirical data and established theories. In contrast, normative economics involves value judgments and opinions about what economic policies should be implemented. Therefore, positive economics does not encourage value judgments.

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