PPSCFPSCNTSPakistan govt jobs
- Subject
- Application of Economicseconomics-mcqs › application-of-economics
- Published
- 2 Jun 2019
- Last updated
- 28 May 2026
What are positive statements characterized by?
Multiple choice question for Application of Economics. Select an option, then review the explanation below.
Explanation
Option C is correct because positive statements are factual descriptions that can be empirically tested, unlike prescriptive statements which are based on opinions or value judgments.
More Application of Economics MCQs
Practice related questions from the same subject.
- 1.Two economists are debating the impact of government spending on unemployment. One claims that increasing government expenditure by 50 billion dollars would reduce unemployment by one percentage point. The other argues that the same spending would only lower unemployment by 0.1%, and even then, the effect would be short-lived. What best explains their disagreement?
- 2.Which of the following topics falls under the study of microeconomics?
- 3.Which of the following statements expresses a normative viewpoint?
- 4.Which of the following factors does not cause the production possibilities curve of a country to expand outward?
- 5.Which of the following statements about microeconomics and macroeconomics is incorrect?