Normative economics:
A)involves value judgments.
B)tries to present the mere facts about the economy.
C)sets social norms and beliefs at the centre of the analysis.
D)is concerned with the possible social states of an economy.

Question

Quizplus · Accepted Answer

Normative economics involves making value judgments about what economic outcomes are desirable or undesirable. It is concerned with what ought to be, rather than what is.

Normative Economics