Normative economics includes all of the following except:
A)indicated ways of attaining a particular desirable social state.
B)explains how economies operate.
C)valuates and ranks several social states.
D)assesses the desirability of a particular policy.

Question

Quizplus · Accepted Answer

Normative economics is concerned with value judgments and assessments of what ought to be. It includes analyzing the desirability of different policies and ranking social states. However, it does not explain how economies operate, which falls under positive economics.

Normative Economics Includes All of the Following Except