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Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is—
(i) Both a science and an art
(ii) Neither a science nor an art
(iii) Positive science
(iv) Normative science
  • a)
    i and iii only
  • b)
    ii and iv only
  • c)
    i, iii and iv
  • d)
    ii, iii and iv
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Study of unemployment problem and then framing suitable policies to re...
Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is a science, art and positive and normative in nature. 
Study of unemployment is based on study of facts and data, this makes it a positive science. Framing suitable policies for the same is art as it is the practical application of knowledge and it is also a normative science as it suggests measure to make the situation desirable.  
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Study of unemployment problem and then framing suitable policies to re...
An important field of study in addressing societal issues and promoting overall well-being.
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Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is—(i) Both a science and an art(ii) Neither a science nor an art(iii) Positive science(iv) Normative sciencea)i and iii onlyb)ii and iv onlyc)i, iii and ivd)ii, iii and ivCorrect answer is option 'C'. Can you explain this answer?
Question Description
Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is—(i) Both a science and an art(ii) Neither a science nor an art(iii) Positive science(iv) Normative sciencea)i and iii onlyb)ii and iv onlyc)i, iii and ivd)ii, iii and ivCorrect answer is option 'C'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is—(i) Both a science and an art(ii) Neither a science nor an art(iii) Positive science(iv) Normative sciencea)i and iii onlyb)ii and iv onlyc)i, iii and ivd)ii, iii and ivCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is—(i) Both a science and an art(ii) Neither a science nor an art(iii) Positive science(iv) Normative sciencea)i and iii onlyb)ii and iv onlyc)i, iii and ivd)ii, iii and ivCorrect answer is option 'C'. Can you explain this answer?.
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