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What is Positive Economics? - Definition, Methodology & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Positive economics is _________.

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1. Which of the following statements regarding positive economics is true?

2. 'A decrease in interest rates will cause more people to refinance their homes.' This type of statement is __________.

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About This Quiz & Worksheet

This quiz/worksheet combo helps gauge your understanding of positive economics and the methodology behind it. In order to pass the quiz, you will need to know the differences between the two main economic branches referenced in the lesson.

Quiz & Worksheet Goals

This quiz and worksheet combo helps gauge your knowledge of:

  • Steps used to prove statements true in positive economics
  • Two main economic branches
  • Define positive economics

Skills Practiced

Use this quiz and worksheet to practice the following skills:

  • Information recall - access the knowledge you have gained regarding the purpose of positive economics
  • Making connections - use understanding of interest rate and refinancing concepts as they relate to positive economics
  • Knowledge application - use your knowledge to answer questions about the steps involved to prove statements true in positive economics

Additional Learning

To learn more about positive economics, review the lesson on What is Positive Economics? - Definition, Methodology & Examples. This lesson will help you:

  • Define positive economics
  • Compare and contrast main economic branches
  • Identify the steps involved in proving statements in positive economics true
  • Review examples of positive economics
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