"The Canadian government should not interfere with the free market system at all.Individuals should be allowed to fend for themselves." This statement is an example of
A) cost-benefit analysis.
B) an economic model.
C) spurious correlation.
D) positive economic analysis.
E) normative economic analysis.

Question

Quizplus · Accepted Answer

This statement reflects a normative economic analysis, which expresses an opinion or a value judgment about how the economy should work, rather than describing how it actually works. It advocates for a specific ideology of economic liberalism, which holds that government intervention in the economy is undesirable and that individuals should be free to pursue their own interests without regulatory or redistributive interventions.

"The Canadian Government Should Not Interfere with the Free Market