Economists consider normative statements to be

Name: Economists consider normative statements to be
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Question

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Normative statements express value judgments and prescribe what should be done or how things ought to be. They are different from descriptive statements (A) that describe how things are, and from statements about normal conditions (B) which do not necessarily express a judgment. Finally, normative statements do not establish production goals for the economy, so choice (D) is incorrect.

Economists Consider Normative Statements to Be