Normative economic analysis
A) is the focus of most modern economic reasoning.
B) answers the question "What ought to be?"
C) predicts the consequences of alternative actions.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Normative economic analysis is concerned with determining what ought to be, rather than what is or what will be. It involves making value judgments and recommendations based on moral, ethical, or political considerations.

Normative Economic Analysis