A newspaper editorial explaining what should be done to reduce the national debt is an example of
A)the ceteris paribus assumption.
B)microeconomics.
C)functional economics.
D)positive economics.
E)normative economics.

Question

Quizplus · Accepted Answer

A newspaper editorial advocating for a specific course of action to reduce the national debt is an example of normative economics, which deals with value judgments about what should be done rather than description of what is currently happening. The editorial would likely make policy recommendations rather than analyzing specific economic data or forecasting economic trends, which would be more in line with positive economics.

A Newspaper Editorial Explaining What Should Be Done to Reduce