JAMB Economics 2012 Objective — Question 3
Question 3 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.
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The privatisation of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as
- A. normative reasoning
- B. inductive reasoning
- C. deductive reasoning
- D. positive reasoningCorrect
Explanation
Positive economic reasoning is a factual statement and it is testable, that privatization leads to greater efficiency. It is a factual statement because there will be better supervision and close monitoring.
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