Normative economics is about:
A) verifying and confirming economic policy.
B) describing, explaining, or predicting economic events.
C) prescribing and making a claim on the economy.
D) making recommendations about what economic policy should be.
Correct Answer:
Verified
Q6: Gary Becker, a Nobel Prize-winning economist, argued
Q7: Which statement is an example of positive
Q8: The difference between positive and normative economics
Q9: Which is a positive economic statement?
A) Shortages
Q10: Which is a positive economic statement?
A) The
Q12: Positive economics is:
A) about morals and values.
B)
Q13: Positive economics is about:
A) verifying and confirming
Q14: Which is an example of a normative
Q15: Which statement is an example of normative
Q16: Which is NOT a normative economic statement?
A)
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