Economists use ____ economics to understand how the economy works. They use ____ economics to choose from among several economic policies.
A) statistical; circular flow
B) macro; micro
C) micro; macro
D) positive; normative
E) normative; positive

Question

Quizplus · Accepted Answer

Economists use positive economics to understand how the economy actually works, describing and explaining economic phenomena without making judgments. They use normative economics to evaluate economic policies and make recommendations based on value judgments and opinions on what ought to be.

Economists Use ____ Economics to Understand How the Economy Works