Introduction to...

A ___________ science is prescriptive in nature.

Which of the following statement is incorrect if economics is considered as a positive science?

Which of the following statements is normative?

Economics as a positive science should be neutral between ends. This statement is:

Which of the following is a normative statement?

When we specify that economists should not be concerned with whether the society should use its resources towards producing medicines or machine guns, we consider economics as _____________.

Economics is concerned only with study of economic decisions of individuals, and not with the moral or ethical aspects thereof. This statement considers economics as ____________.

Which of the following is a reason for the curvature or bowed-out shape of the PPF?

Which of these is true, if economics is considered as a normative science?

While dealing with issues like how the national income should be distributed, what should be the wage rate, etc. the __________ aspect of economics is projected and brought out.