Normative economics ________ and positive economics ________.
A) involves judgments; does not involve judgments
B) involves judgments; also involves judgments
C) does not involve judgments; involves judgments
D) does not involve judgments; also does not involve judgments

Question

Quizplus · Accepted Answer

Normative economics involves value judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal, whereas positive economics deals with what is, describing and explaining economic phenomena without resorting to judgments.

Normative Economics ________ and Positive Economics ________

Normative Economics and Positive Economics