Ques3- Read the following statements carefully and choose the correct alternatives given below- Statement 1: Determination of income which each person should be guaranteed is an example of 'Positive' economics. Statement 2: Positive economics is that branch if economics which deals with economic issues as "what ought to be" Alternatives: (a) Both statements are true. (b) Both statements are false. (C) Statement 1 is true and Statement 2 is false (d) Statement 2 is true and Statement 1 is false
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C) Statement 1 is true and Statement 2 is false
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