In economics, normative statements are about
A) the way things ought to be.
B) the way things are.
C) marginal benefits, not marginal costs.
D) marginal costs, not marginal benefits.

Question

Quizplus · Accepted Answer

Normative statements are value judgments or opinions that express what ought to be, rather than what is. They are subjective and often involve recommendations for policy based on personal beliefs or values.

In Economics, Normative Statements Are About