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Questions and Answers
What is the nature of Economics according to the text?
What is the nature of Economics according to the text?
- Neither an art nor a science
- Purely a science
- Both an art and a science (correct)
- Purely an art
How does Economics as a Science classify the relationship between cause and effect?
How does Economics as a Science classify the relationship between cause and effect?
- It deals with both positive and normative science (correct)
- It does not deal with any kind of science
- It only deals with normative science
- It only deals with positive science
What does positive science in economics deal with?
What does positive science in economics deal with?
- Classifying and analyzing data systematically
- The relationship between cause and effect by scientifically analyzing the problem (correct)
- Establishing the nature and scope of Economics
- Prediction of the future
What is the focus of normative science in economics?
What is the focus of normative science in economics?
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What is the main characteristic of Science according to the text?
What is the main characteristic of Science according to the text?
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