The category of economics that contains statements about what ought to be is known as
A)objective economics.
B)positive economics.
C)normative economics.
D)microeconomics.
E)macroeconomics.

Question

Quizplus · Accepted Answer

Normative economics deals with value judgments and opinions about what ought to be, rather than what is. This is in contrast to positive economics, which focuses on what is and relies on facts and data rather than opinions.

The Category of Economics That Contains Statements About What Ought