Believing that people tend to make sound financial decisions, positive economists try to make predictions based on history. In other words, they assume that what happened in the past is likely to happen in the future, Positive economists develop Blank 1 predictions for our economic future based on the causes and effects of human behaviour. These economists develop fact-based" economic theories may suggest that this Blank 3 Blank 2 a psychological approach. Some of positive economics is based on
Answer (1)
Positive economists develop fact-based predictions for our economic future based on the causes and effects of human behaviour. These economists develop fact-based economic theories may suggest that this non-psychological approach. Some of positive economics theories are based on historical data.
