The study of what ought to be such as determining the socially efficient level of emissions is known as normative economics.

Name: The study of what ought to be such as determining the socially efficient level of emissions is known as normative economics.
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Normative economics is concerned with what ought to be, while positive economics is concerned with what is. Therefore, determining the socially efficient level of emissions falls under the realm of normative economics.

The Study of What Ought to Be Such as Determining