"What ought to be?" is a subject matter of
Show Hint
- Positive Economics
- Normative Economics
- Both (A) and (B)
- None of these
The Correct Option is B
Solution and Explanation
Step 1: Understanding the Concept:
Economics is divided into two main branches based on the nature of its statements: Positive and Normative Economics.
Step 2: Detailed Explanation:
\begin{itemize}
\item Positive Economics deals with objective, factual statements about "what is." These statements can be tested and verified with data.
\item Normative Economics deals with subjective statements and value judgments about "what ought to be" or "what should be." These statements are prescriptive, express opinions, and cannot be proven true or false. An example is, "The government should increase the minimum wage."
\end{itemize}
The question "What ought to be?" directly reflects the prescriptive and value-based nature of Normative Economics.
Step 3: Final Answer:
The subject matter of "What ought to be?" is Normative Economics. Therefore, option (B) is correct.
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Questions Asked in UP Board XII exam
- Change any one of the following into indirect speech:
Sachin said to his senior, "What should I do, Sir?"- UP Board XII - 2025
- Direct And Indirect Speech
Translate the following passage into English: to be translated
Translate the following into English:
- UP Board XII - 2025
- Literature
Translate the following passage into English:
- Read the following extract carefully and answer the questions that follow:
Perhaps the Earth can teach us
As when everything seems dead
And later proves to be alive.
Now I'll count up to twelve
And you keep quiet and I will go.