Normative economics frequently plays a valid role when
A) making an economic forecast.
B) formulating economic theory.
C) gathering data.
D) considering economic policy questions.
E) testing an economic model.

Question

Quizplus · Accepted Answer

Normative economics deals with how things ought to be rather than how they actually are. This makes it particularly relevant to considering economic policy questions, where the focus is on making recommendations for how the economy should be managed or improved.

Normative Economics Frequently Plays a Valid Role When