Public goods are produced by profit-seeking firms

Countercyclical fiscal policy is designed to moderate the severity of the business cycle

Indicate whether the statement is true or false

A positive economic statement

a. contains personal and social value judgments b. is always a mathematical expression c. is never used by an economist d. is proper, provided the advocator is clear the position rests on personal assessment e. is an unbiased report of the facts of the economy