________ analysis by economists refers to the attempt to answer questions such as should a tax be imposed.

Question

Quizplus · Accepted Answer

Normative analysis involves subjective judgments and opinions about what ought to be. In this case, economists would be trying to determine the most desirable outcome or policy action, such as whether a tax should be imposed or not. Positive analysis, on the other hand, focuses on factual and objective statements about the economy, such as describing the effects of a tax on economic activity. Negative and Investigative are not relevant to this question.

________ Analysis by Economists Refers to the Attempt to Answer