Normative economic statements
A) describe what ought to be.
B) describe what is rather than what ought to be.
C) describe the process of economic policy-making.
D) deal with economic hypotheses that are not well-established laws.

Question

Quizplus · Accepted Answer

Normative economic statements are value judgments or opinions that express what ought to be, rather than what is. They often involve recommendations or evaluations based on personal or societal values.

Normative Economic Statements