Normative economics is:
A) completely free of any value system.
B) completely objective.
C) based on a a conscious effort to implement a particular social goal.
D) an approach that determines the effect of particular actions without judgment of the result being good or bad.
Correct Answer:
Verified
Q24: Pareto efficiency between two consumers is achieved:
A)only
Q26: If the efficient output of a good
Q28: If a government desires to increase production
Q29: If the efficient output of computers is
Q30: The extra benefit on one more unit
Q31: Suppose the efficient output currently prevails in
Q31: The wine industry is currently composed of
Q33: Which of the following is a normative
Q35: Normative economics:
A)is not based on underlying value
Q38: A move from an inefficient resource allocation
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