Normative economics is:
A) completely free of any value system.
B) completely objective.
C) based on 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
Q27: Diamonds are sold by a monopoly firm
Q28: If a government desires to increase production
Q29: Eggs are sold in a perfectly competitive
Q30: The extra benefit on one more unit
Q31: Suppose the efficient output currently prevails in
Q33: Which of the following is a normative
Q34: The marginal social cost of bread exceeds
Q35: Normative economics:
A)is not based on underlying value
Q36: The wine industry is currently composed of
Q37: The total social benefit of automobiles equals
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents