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Which is the best description of positive statements? Positive statements A) have been verified by appeal...

Which is the best description of positive statements? Positive statements
A) have been verified by appeal to factual evidence.
B) form the basis of all normative arguments.
C) are falsifiable in principle by appeal to factual evidence.
D) are seldom employed in social sciences like economics.
E) have no place in economics because economics deals only with value judgments.

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Answer #1

Ans: C) are falsifiable in principle by appeal to factual evidence.

Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence. Positive statements are fact-based, but normative statements are based on opinions

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