{"id":46040,"date":"2024-04-15T22:06:39","date_gmt":"2024-04-15T22:06:39","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46040"},"modified":"2024-04-15T22:06:39","modified_gmt":"2024-04-15T22:06:39","slug":"the-statement-that-economics-is-positive-and-not-normative-means","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-statement-that-economics-is-positive-and-not-normative-means\/","title":{"rendered":"The statement that &#8220;economics is positive and not normative&#8221; means"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a975bc544a07\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    that economics can be used to prove that capitalism is better than socialism                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    that economics tells us what kind of economic behaviour or policy is wholesome and what evil                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    that economics tells policy makers which alternative to choose from among several efficient ones                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    that economics can only indicate consequences of policies, choices, or conditions                <\/div>\r\n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is D.<\/p>\n<p>Economics is a social science that studies the production, distribution, and consumption of goods and services. It is a positive science, which means that it seeks to explain the world as it is, not as it should be. Economics can be used to analyze the consequences of different policies, choices, or conditions, but it cannot tell us what kind of economic behavior or policy is right or wrong.<\/p>\n<p>Option A is incorrect because economics cannot prove that capitalism is better than socialism. Economics can be used to analyze the consequences of different economic systems, but it cannot tell us which system is better.<\/p>\n<p>Option B is incorrect because economics does not tell us what kind of economic behavior or policy is wholesome and what is evil. Economics is a positive science, which means that it seeks to explain the world as it is, not as it should be.<\/p>\n<p>Option C is incorrect because economics does not tell policy makers which alternative to choose from among several efficient ones. Economics can be used to analyze the consequences of different policies, but it cannot tell us which policy is the best.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The statement that &quot;economics is positive and not normative&quot; means<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-statement-that-economics-is-positive-and-not-normative-means\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The statement that &quot;economics is positive and not normative&quot; 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