All microeconomic issues are normative in nature.

Question

Quizplus · Accepted Answer

Microeconomic issues can be either positive (descriptive) or normative (prescriptive). Positive microeconomics is concerned with describing and explaining the economic behavior of individuals and firms, while normative microeconomics is focused on analyzing how the economy ought to function and how resources should be allocated to maximize well-being. Both types of analysis are important in studying microeconomics.

All Microeconomic Issues Are Normative in Nature