Among the following, which of the statement is reflecting both positive and normative economics

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
Among the following, which of the statement is reflecting both positive and normative economics
(A) If the general price level goes up, borrowers gain but lenders gain more
(B) Inflation hurts the poor more but they can find employment opportunities
(C) Inflation hurts the poor class more; therefore, the government should arrange to supply commodities at subsidised rates to this section of the society
(D) If the government supplies luxurious goods at cheaper rates, demand for such goods may fall.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) Inflation hurts the poor class more; therefore, the government should arrange to supply commodities at subsidised rates to this section of the society.

Topics: Business Economics

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