Multiple choice

Which of the following is concerned with the establishment of cause and effect relationship in economics?

  1. Art

  2. Positive science

  3. Normative science

  4. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Economics is a positive science when it establishes relations like what exists and what is the reason behind it. Economics becomes normative science when it describes 'what should be', which is a field of normative science.