Normative economics is:
A) usually incorrect.
B) a statement of fact.
C) the analysis of what is.
D) the study of what ought to be.
E) free of value judgments.

Question

Quizplus · Accepted Answer

Normative economics is concerned with defining what "ought to be" in economic matters. In other words, it deals with value judgments and is subjective in nature, as opposed to positive economics which deals with what is objectively true.

Normative Economics Is