Normative economic analysis involves
A) positive analysis.
B) value judgments.
C) if-then statements.
D) objective descriptions of the way things are.

Question

Quizplus · Accepted Answer

Normative economic analysis involves making value judgments about how things ought to be, rather than simply describing the way they are (positive analysis). If-then statements refer to conditional statements about cause and effect, and objective descriptions of the way things are also fall under positive analysis.

Normative Economic Analysis Involves