The analysis of economic outcomes before and after some economic variable is changed is referred to as ________.
A) normative economics
B) marginal study
C) empiricism
D) before and after comparisons

Question

Quizplus · Accepted Answer

Before and after comparisons involve analyzing economic outcomes before and after some economic variable is changed, and this helps in determining the effects of the change on economic outcomes. Normative economics refers to the study of what ought to be, while marginal study involves analyzing the effects of small changes in economic variables. Empiricism involves the use of empirical data to inform economic analysis.

The Analysis of Economic Outcomes Before and After Some Economic